Seattle City Council backs new tax on largest companies, including Amazon


SEATTLE (Reuters) – Seattle’s city council on Monday voted to impose a new “head tax” on the city’s biggest companies, including Amazon.com, as a way of fighting a housing crisis sponsors attribute largely to a local economic boom driving up real estate costs.

The logo of Amazon is seen on a building in San Jose, Costa Rica March 21, 2018. REUTERS/Juan Carlos Ulate

The measure, passed on a 9-0 vote after a boisterous public hearing, represented a scaled-back compromise that would raise roughly $47 million a year over five years — down from $75 million annually as a council…



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