Taxing Amazon and Starbucks: Seattle Passes Corporate Wealth Tax to Fund Low Income Housing

According to the The Guardian, Seattle City Council has passed a new tax that will charge large corporations $275 annually per worker to help address the city’s growing homelessness crisis.

About 60% of the tax revenue will go to new housing projects for low and middle-income Seattle residents. The remainder would go to homeless services, including shelter beds, camps and overnight parking.

Source: Tax Amazon: Seattle Passes Corporate Wealth Tax to Fund Housing