For Amazon HQ2 hopefuls, Seattle serves as a cautionary tale - News Summed Up

For Amazon HQ2 hopefuls, Seattle serves as a cautionary tale


Related: Seattle companies voice opposition to proposed tax to fight homelessness"Obviously Amazon can afford to pay the 26 cents," says Seattle Councilmember Mike O'Brien, who supports the tax. "It is entirely possible to have booming economic development that fundamentally doesn't benefit its host city," Kingston says. Many cities, including Seattle and HQ2 hopefuls Dallas, Austin and Miami, are forbidden by state law from imposing any income taxes. "The kind of development we're hoping to see is hyper-local, looking at the folks who need jobs most in our community," Kamen says. "So you need to tell Amazon, we need to know exactly what you're going to do, and we need a commitment up front."


Source: CNN May 13, 2018 11:15 UTC



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