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Amazon Threatens To Move Jobs Out of Seattle Over New Tax

An nameless reader quotes a record from The Guardian: Amazon has threatened to move jobs out of its hometown of Seattle after the town council introduced a new tax to take a look at to deal with the homelessness disaster. The international’s second-biggest corporate has warned that the “hostile” tax, which can rate corporations $275 in line with employee a yr to fund homelessness outreach services and products and inexpensive housing, “forces us to question our growth here.”

Amazon, which is Seattle’s best non-public sector employer with greater than 40,000 group of workers within the town, had halted development paintings on a 17-storey place of job tower in protest in opposition to the tax. Pressure from Amazon and different giant employers, together with Starbucks and Expedia, had pressured councillors to scale back the tax from an preliminary proposal of $500 in line with employee. The tax will most effective impact corporations making income of greater than $20 million-a-year. The tax is anticipated to lift between $45 million and $49 million a yr, of which about $10 million would come from Amazon. The corporate stated it might restart development paintings at the tower however might sublease any other new place of job block to scale back its tax invoice.

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