Supporters for a head tax cheer as the Seattle City Council prepares to vote on a proposal for it at Seattle City Hall on May 14, 2018. Over the weekend, councilmembers worked on a new proposal for a tax of $275 per employee, per year for companies grossing more than $20 million in Seattle, down from the original $500 per year, per employee. The council unanimously approved the proposal. (Bettina Hansen/The Seattle Times/TNS)
SEATTLE: Seattle is imposing a new tax on big business to help combat growing crises with affordable housing and homelessness, but advocates and residents worry the new funds will not be enough.
The City Council unanimously approved a tax on Monday on Amazon.com, the city’s largest employer, and other large companies on grounds that they have fuelled an economic boom that has driven up real estate costs.
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