You are here: Home » International » News » Companies
Business Standard

Seattle wants housing for the homeless; Amazon, others to pay more tax

Seattle's city council on Monday approved a new tax for the city's biggest companies, including Amazon.com Inc (AMZN.O), to combat a housing crisis attributed in part to a local economic boom that has

Reuters  |  Seattle 

Seattle’s city council on Monday approved a new tax for the city’s biggest companies, including Amazon.com 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. 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 stiffer tax plan originally proposed. As passed on a 9-0 vote after a boisterous public hearing, the measure ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, May 15 2018. 09:53 IST
RECOMMENDED FOR YOU