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Amazon Is In A Bitter Tax Feud With Seattle

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News video: Amazon Is In A Bitter Tax Feud With Seattle

Seattle's city council voted for a new tax on large employers in the city.

The tax only affects companies with more than $20 million in revenue in the city.

Amazon criticized the new tax in a blistering statement.

Seattle says it will get $47 million in new revenue from the tax.

Amazon, individually, will have to pay about $10 million.

The city says it will use the new funds to combat homelessness.

Amazon, one of the largest employers in Seattle, has opposed the new tax from the start.


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