• Amazon makes vague threat after Seattle passes new “head tax”

    9 days ago - By Fast Company

    The internet retail giant says it's now questioning its future growth in the city.
    The head tax is a $275 tax per employee for larger companies with more than $20 million in annual revenue. Seattle's new tax will raise $45 million to $49 million each year from employers, and the money will be used to fight homelessness in the city, reports GeekWire. While the $275 figure is almost half the originally proposed tax of $500 per employee, it still means Amazon will face an extra yearly tax bill of $11 million in the city.
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  • Amazon ‘Questions' Its Growth In Seattle After City Passes Watered-Down Tax to Help Homeless

    9 days ago - By Fortune

    Seattle is introducing a new tax on large employers that will help fund homelessness and affordable housing programs-despite opposition from companies such as Amazon .
    However, the version of the tax that the City Council agreed to on Monday will be far less onerous than the draft that led Amazon to suspend construction on a new office tower in a not-so-subtle threat over providing further employment in Seattle.
    “We are disappointed by today's City Council decision to introduce a tax on jobs,” Amazon said in a statement. “While we have resumed construction planning for Block 18, we remain...
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