- 1. Seattle approves scaled-down 'head tax' over Amazon's objections
- 2. China vice premier arrives in U.S. for trade talks
- 3. Stocks lose steam, threatening Dow's 8-day winning streak
- 4. Supreme Court rules states can allow betting on sports
- 5. Toys 'R' Us sells off mascot, web addresses
1. Seattle approves scaled-down 'head tax' over Amazon's objections
The Seattle City Council on Monday passed a scaled back version of the so-called Amazon tax, which will impose a $275-per-employee "head tax" on companies in the city with more than $20 million in gross revenue. Seattle Mayor Jenny Durkan had threatened to veto the original $540-per-employee tax, saying it would cost too many jobs, but said she would sign the latest version. The city plans to use the tax on big businesses to build affordable housing and alleviate homelessness. The tax is expected to raise $44.7 million a year. Amazon, which has 45,000 employees in Seattle, said it was "disappointed by today's City Council decision to introduce a tax on jobs," but added that the company would resume construction of a 17-story office tower it had placed on hold.
2. China vice premier arrives in U.S. for trade talks
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3. Stocks lose steam, threatening Dow's 8-day winning streak
4. Supreme Court rules states can allow betting on sports
5. Toys 'R' Us sells off mascot, web addresses
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