Should Bay Area follow Seattle’s lead and tax tech giants?


BIZ-SEATTLE-HEADTAX-2-SE

SEATTLE: As Silicon Valley considers taxing its tech companies to help fight the downsides of its tech boom – from clogged roadways to skyrocketing housing costs – local leaders are looking north for a lesson on how not to go about it. 

Seattle passed a “head tax” in May, charging local tech giant Amazon and other big companies to pay up for affordable housing – only to repeal it less than a month later after a backlash from the business community and a surprising shift in public opinion. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Televisa to merge Sky, cable 'as soon as possible'
EU's Vestager meets French tech firm Mistral AI amid competition concerns
Shein falls under tough EU online content rules as user numbers jump
Google parent Alphabet reclaims spot in $2 trillion valuation club
India's HCLTech misses Q4 revenue estimates
Chipmaker Intel falls as AI competition hurts forecast
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
Japan to levy big fines with new app rules
Inside Big Tech’s underground race to buy AI training data
Facebook scams demand stricter online rules, Japan lawmaker says

Others Also Read