Seattle passes scaled-back tax on Amazon, big companies

SEATTLE (Reuters) – Seattle’s city council on Monday approved a new tax for the city’s biggest companies, including Inc (AMZN.O), 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.

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

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…

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