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Seattle Considers Payroll Tax on City’s Largest Corporations

April 6, 2020, 10:16 PM

Amazon.com Inc. and other large companies in Seattle would collectively pay the city an estimated $500 million a year in taxes under a bill introduced Monday in the City Council.

The measure would impose a 1.3% levy on corporate payrolls exceeding $7 million annually, which would impact some 800 companies in the city, according to a legislative staff summary of the bill. The measure, which excludes grocery stores and nonprofits, would impact the top 2% of companies as measured by payroll.

One of the bill’s primary sponsors, Council Member Kshama Sawant, described the measure ...

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