giftedviz.com
giftedviz.com September 18, 2018


Seattle approves business tax for homelessness

15 May 2018, 11:12 | Austin Hogan

Seattle approves 'head tax' on large businesses despite Amazon's opposition

Seattle City Councilmembers debate dueling head-tax proposals on Friday May 11

The council has been debating the so-called head tax for months, and had been considering a higher tax of $500 per employee that would have raised $75 million a year, largely to build about 1,000 new affordable housing units.

Homeless-services workers and unions representing supermarket and hotel workers, among others, supported the larger tax, which was proposed by Councilmembers Mosqueda, M. Lorena Gonz√°lez, Lisa Herbold and Mike O'Brien.

The tax that passed Monday will raise close to $50 million annually to fight the homelessness crisis.

Amazon, which had paused planning on two downtown Seattle office towers pending the outcome of the vote, said Monday it would resume construction planning on Block 18. That original compromise was voted down Friday. But its most vocal critic may have been Amazon, which threatened to stop construction on new facilities in the city and put 7,000 jobs on hold over the tax proposal. The company did not comment on the new compromise when GeekWire asked ahead of Monday's meeting.

The only companies affected by the new ordinance would be those generating $20 million or more of annual revenue in the city. Amazon has more than 40,000 employees at its headquarters in Seattle, so the tax could cost the e-commerce giant more than $10 million annually.

Amazon said it is still evaluating whether to sub-lease space in a second future office tower in Seattle, a project called Rainier Square, meaning it may move some planned jobs elsewhere and thus avoid further raising its tax liability. "If we had a weaker movement, we could have won less or even nothing".

In the meantime, Amazon, Starbucks, and the other approximately 3% of Seattle businesses that will be dinged in the process have some time to start saving up.

Sponsors of the tax said Seattle's biggest-earning businesses should bear some burden for easing a shortage in low-priced housing that they helped create by driving up real estate prices to the point where the working poor and many middle-class families can no longer afford to live in the city.

Gem Diamonds Limited (LON:GEMD) Ratings Summary as of May 14, 2018
The Bislett Management Llc holds 90,000 shares with $7.35 million value, down from 95,000 last quarter. The stock increased 3.60% or GBX 4.5361 during the last trading session, reaching GBX 130.5361.


Prosecutor says suspected abuse of children constitutes torture
Police said an investigation revealed a long, continuous history of severe physical and emotional abuse, WDTN reported . Rogers gave journalists a tour of the house, a four-bedroom home with scuffed walls and animal feces in the bathroom.


Fulham take a step closer to EPL promotion
Aleksandar Mitrovic says that he was "so proud and so happy" after helping Fulham reach the Championship playoff final. But well done to the boys. "They were two very, very poor goals for us to give away".


"We could not find the votes we needed", a disappointed O'Brien said before voting for the smaller proposal. "We'll be back for more!"

The city's homeless population is growing, behind only NY and Los Angeles. The city council president, Bruce Harrell, spoke to a growing "fear of what this city is becoming".

Proponents say people are dying on the streets, and while city-funded programs found homes for 3,400 people past year, the problem deepens.

But the city says homelessness is a moving target.

Meanwhile, median cost of a single-family house in Seattle rose 110 percent since Amazon opened its headquarters in 2010, according to The Seattle Times.

In recent years the city has experienced an economic boom, but in tandem with that also an acute affordable housing and homelessness problem.

The collected revenue would be used to address the civil state of emergency over homelessness that the city has been in since 2015. After that, it would have risen to an estimated $39 million a year.

The Seattle metropolitan area also is home to the third-largest concentrations of homeless people, nearly 12,000 counted in a January U.S. government survey, and almost half of them were living on the streets or otherwise unsheltered. Healthcare companies are exempt, as are non-profits.



Other News

Trending Now

Khloe Kardashian Reveals Which Family Member First Suggested the Name True
Kardashian put her mastery of the written word to other uses this weekend when she fired back at a troll in the comments section of her Instagram .

Mauricio Pochettino: Tottenham manager says club must 'take risks' to improve
Many former professionals have criticised the club's wage structure which isn't high compared to the rest of the top-six.

Jamie Nye: Winnipeg Jets now the favourite?
The Jets opened the third period on a power play after Blake Wheeler was tripped with two seconds left in the second period. It was a massive insurance goal for the Golden Knights, and it essentially slam the door shut right in Winnipeg's face.

"Bemused" Uber repeatedly turned down Trump's fixer, Michael Cohen
Did they get inside access or was Cohen acting on his own? Unnamed sources later told CNBC that the amount could be closer to $600,000.

Two dead after light aircraft crashes in Offaly
Update 22.24pm: Gardaí have confirmed that a man and a seven-year-old boy have died following a plane crash in County Offaly. It was located a number of kilometres from the airfield in bogland and a rescue and recovery operation is now underway.

Hamilton wins in Spain to go 17 points clear
Vettel said sticking to a one-stop like the Mercedes cars had was "not an option" for him given Ferrari's higher tyre wear. However, it was Grosjean's stubbornness to off the throttle while spinning that caused the first lap mayhem in the race.

Sonam Kapoor defines the Desi Bridal Look at Cannes 2018
She was also anxious about the red carpet since Cannes has the longest red carpet and she feared tripping while walking on it. Sonam opted for a gold eye with heavily kohl-ed lower eye lines along with a radiant face, tinted cheeks and pink lips.

Madrid Open: Zverev claims title with crushing win over Thiem
The same feeling is true for Zverev, who has a chance to become the fifth active player with three Masters 1000 championships. It was Zverev's second win in six meetings with Thiem. "If I had played normal I would have no chance", Thiem said.

U.S. ready to offer security assurances to DPRK: Pompeo
South Korea has said Kim has shown an interest in dealing away his nuclear weapons in return for economic benefits. The plane arrived from Alaska, where it had stopped Wednesday after leaving North Korea.

Life on Jupiter's moon? Europa's plumes suggest so
Then the Galileo mission reached Europa in 1996, and Kivelson's detections revealed that there was an ocean on another planet. The research, headed by University of MI space physicist Xianzhe Jia , was published in the journal Nature Astronomy .