Starbucks took a moment away from signaling its virtue and lashed out at the city's new tax.
Despite Amazon's decision to halt construction on a new tower and threats to sublease space in another newly built downtown skyscraper, Seattle Mayor Jenny Durkan and the City Council have passed a controversial "Homelessness tax" that will require the city's largest companies to pay an additional $300 a year per full time employee based in the city.
"We are disappointed by today's City Council decision to introduce a tax on jobs," Amazon said in a statement.
Amazon has resumed construction on its 17-storey Block 18 tower, but we imagine the company now has even more incentive to shift employees to its planned HQ2 as CNNMoney warned in a recent piece, Amazon's strident reaction to the proposed tax in Seattle might give some of its suitor city's reason to reconsider.
At the end of April, the Seattle City Council released draft legislation that would force companies with revenues of over $20 million in the city to pay 26 cents for each hour worked by a Seattle-based employee, or roughly $540 per head per year.
For what it's worth, Amazon says it has independently done more to ease homelessness than the city government, touting a corporate initiative to donate space to shelter 200 homeless people in one of Amazon's new buildings.
Starbucks, which hosts its headquarters in the city, slammed the city council, calling it incompetent and incapable of taking care of the city's homeless.
https://www.zerohedge.com/news/2018-05-15/amazon-furious-after-seattle-passes-controversial-homelessness-tax
Despite Amazon's decision to halt construction on a new tower and threats to sublease space in another newly built downtown skyscraper, Seattle Mayor Jenny Durkan and the City Council have passed a controversial "Homelessness tax" that will require the city's largest companies to pay an additional $300 a year per full time employee based in the city.
"We are disappointed by today's City Council decision to introduce a tax on jobs," Amazon said in a statement.
Amazon has resumed construction on its 17-storey Block 18 tower, but we imagine the company now has even more incentive to shift employees to its planned HQ2 as CNNMoney warned in a recent piece, Amazon's strident reaction to the proposed tax in Seattle might give some of its suitor city's reason to reconsider.
At the end of April, the Seattle City Council released draft legislation that would force companies with revenues of over $20 million in the city to pay 26 cents for each hour worked by a Seattle-based employee, or roughly $540 per head per year.
For what it's worth, Amazon says it has independently done more to ease homelessness than the city government, touting a corporate initiative to donate space to shelter 200 homeless people in one of Amazon's new buildings.
Starbucks, which hosts its headquarters in the city, slammed the city council, calling it incompetent and incapable of taking care of the city's homeless.
https://www.zerohedge.com/news/2018-05-15/amazon-furious-after-seattle-passes-controversial-homelessness-tax
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