SEATTLE (AP) - A tax on large companies like Amazon that was meant to fight a growing homelessness crisis got rolled back during a raucous Seattle City Council meeting.It exposed divisions over how much companies that have fueled booming economies should help pay to alleviate the downsides of success. A divided crowd chanted, jeered and booed at the meeting Tuesday.
SEATTLE (AP) - Amazon balked and Seattle is backing down.City leaders said they plan to repeal a tax on large companies such as Amazon and Starbucks as they face mounting pressure from businesses, an about-face just a month after unanimously approving the measure to help pay for efforts to combat a growing homelessness crisis.
SEATTLE (AP) - Amazon, Starbucks, Vulcan and several dozen companies have pledged more than $350,000 toward an effort to repeal Seattle's newly passed tax on large employers.The Seattle City Council on May 14 unanimously passed the so-called head tax that will charge businesses making at least $20 million in gross revenues about $275 per full-time worker each year. Money raised would pay for affordable housing and homeless services.