Welcome

Seattle City Council Repeals Employee Head Tax

June 12, 2018, 10:16 PM

Seattle’s City Council repealed an employee-hours tax on Amazon.com and other large employers, in the face of a repeal effort funded by the business targets.

The repeal is a victory for major corporate players in the city like Amazon and Starbucks Corp. that have expressed vocal opposition to being charged about $275 per year for each full-time employee. The tax revenue would have targeted housing for the homeless.

The council June 12 voted 7-2 to repeal the underlying ordinance that would have imposed the tax beginning Jan. 1, 2019, on businesses with annual incomes exceeding $20 million. The $275 per-year ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.