Seattle passes scaled-back tax on Amazon, big companies


  • TECH
  • Tuesday, 15 May 2018

FLE PHOTO: A woman holds a sign supporting the taxation of big businesses during a protest in front of the Amazon Spheres to demand that the city of Seattle tax the largest corporations to help fund affordable housing, according to organizers, in Seattle, Washington, U.S., April 10, 2018. REUTERS/Lindsey Wasson/File Photo

SEATTLE: Seattle's city council on May 14 approved a new tax for the city's biggest companies, including Amazon.com Inc, to combat a housing crisis attributed in part to a local economic boom that has driven up real estate costs at the expense of the working class.

Amazon, the city's largest employer, said after the vote that it would go ahead with planning for a major downtown office building that it earlier had put on hold over its objections to a much stiffer tax plan originally proposed.

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