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Business News: Amazon flexes its muscles and Seattle backs down on a business tax

Amazon balked and Seattle is backing down. City leaders said they plan to repeal a tax on large companies such as Amazon and Starbucks as they face mounting pressure from businesses, an about-face just a month after unanimously approving the measure to help pay for efforts to combat a growing homelessness crisis.


Source:www.cnbc.com


Posted: 2018-06-12 11:01:00

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Business News: Amazon flexes its muscles and Seattle backs down on a business tax | Daily Business News - Newscast

Amazon flexes muscles, Seattle backs down on business tax

Tue, 12 Jun 2018 09:10:00 GMT

SEATTLE (AP) — Amazon balked and Seattle is backing down ... Councilwoman Kshama Sawant said on Twitter that the repeal "is a capitulation to bullying by Amazon" and other big business" and called it a "backroom betrayal" that didn't involve her office.

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SEATTLE -- Amazon balked and Seattle is backing down ... Councilwoman Kshama Sawant said on Twitter that the repeal "is a capitulation to bullying by Amazon" and other big business" and called it a "backroom betrayal" that didn't involve her office.

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