Amazon threatens to move jobs out of Seattle over new taxAmazon has threatened to move jobs out of its hometown of Seattle after the city council introduced a new tax to try and address the homelessness crisis. 'Tax Amazon': Seattle passes plan for corporate wealth tax to fund housing Read moreThe world’s second-biggest company has warned that the “hostile” tax, which will charge firms $275 per worker a year to fund homelessness outreach services and affordable housing, “forces us to question our growth here”. The tax is expected to raise between $45m and $49m a year, of which about $10m would come from Amazon. “We are disappointed by today’s city Council decision to introduce a tax on jobs,” said Drew Herdener, an Amazon vice-president. “By threatening Seattle over this tax, Amazon is sending a message to all of our cities: we play by our own rules,” the letter said.

Source: The Guardian May 15, 2018 16:39 UTC