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Seattle poised to repeal new tax opposed by Amazon
Technology
Published in 12-6-2018
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SEATTLE (AP) Seattle leaders said Monday that they plan to repeal a tax on large companies like Amazon and Starbucks as they face mounting pressure from businesses, an about-face just a month after unanimously approving the measure to help pay for efforts to combat a growing homelessness crisis. The quick surrender showed the power of Amazon to help rally opposition and aggressively push back on taxes at all levels of government, even in its affluent home city where the income gap is ever widening and lower-income workers are being priced out of housing. It has resulted in one of the highest homelessness rates in the U.S. A coalition of businesses is working to get a referendum on the November ballot to overturn the tax.
Reference: www.chron.com