Seattle’s new ‘Amazon tax’ should serve as a model for all major cities
By Bryan Clark
Seattle’s City Council recently approved a measure to impose new taxes on the city’s largest employers. Under the new law, companies earning more than $20 million in annual revenue would be required to pay $275 per employee each year. Amazon’s share alone could bring in more than $10 million annually with its 40,000 employees. All told, the new plan — which was approved with a 9-0 vote — could inject $50 million annually into the city’s economy. In a separate vote yesterday, the council approved (5-4) spending two-thirds of the new tax revenue to build and operate low-income housing units. This…
This story continues at The Next Web
Or just read more coverage about: Amazon
May 15, 2018 at 11:43PM
via The Next Web https://ift.tt/2L0ZZbQ
0 comments:
Post a Comment