Starbucks was scathing Tuesday in its criticism of the Seattle City Council, which on Monday unanimously passed a controversial tax on big businesses to help fund affordable housing and fight homelessness. "This City continues to spend without reforming and fail without accountability, while ignoring the plight of hundreds of children sleeping outside. Under the tax, Starbucks, Amazon and others will pay $275 a year for every full-time employee working in Seattle for the next five years. The Council estimates the tax will raise roughly $47 million a year on average. "The city does not have a revenue problem — it has a spending efficiency problem.

Source: CNN May 15, 2018 15:43 UTC