The Space Needle and Mount Rainier are seen on the skyline of Seattle, Washington, U.S. February 11, 2017.  REUTERS/Chris Helgren - RC1C3F43DC80

To tackle its housing crisis, Seattle is imposing a new tax on large firms like Amazon

$275

Under a new tax approved Monday (May 14), Seattle will ask firms making over $20 million to pay a fee of $275 per worker to the city, which will use the money to build low-income homes.

Published   |  Photo by Reuters/Chris Helgren
The Space Needle and Mount Rainier are seen on the skyline of Seattle, Washington, U.S. February 11, 2017.  REUTERS/Chris Helgren - RC1C3F43DC80
$275

The original proposal was for a fee of $500 per worker, which prompted Amazon, the largest employer in Seattle, to protest by freezing plans to expand its offices in the city.

The Space Needle and Mount Rainier are seen on the skyline of Seattle, Washington, U.S. February 11, 2017.  REUTERS/Chris Helgren - RC1C3F43DC80
$275

Amazon resumed its expansion plans, but said it was disappointed with the tax. “The city does not have a revenue problem—it has a spending efficiency problem,” Amazon spokesman Drew Herdener said.

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