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Author Topic: Seattle repeals tax on companies like Amazon  (Read 27 times)
Hydrogen
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June 13, 2018, 04:17:58 AM
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Seattle leaders have repealed a tax on large companies such as Amazon and Starbucks after businesses fought the measure aimed at combating a growing homelessness crisis.

The City Council voted 7-2 Tuesday to reverse a tax that it unanimously approved just a month ago to help provide services in the city. The Seattle region has one of the highest homelessness numbers in the U.S.

Amazon, Starbucks and other businesses sharply criticized the tax as misguided.

The online retailer, the city’s largest employer, even temporarily halted construction planning on a new high-rise building near its Seattle headquarters in protest.

Mayor Jenny Durkan and a majority of the council have said they scrapped the tax to avoid a costly political fight as a coalition of businesses moved to get a referendum overturning the tax on the November ballot.

https://apnews.com/74bb33316915407ea73c8e4938802532

Here is one key issue intrinsic to regulation which might need to be resolved.

That is to say regulation has a tendency to reward the biggest and richest players in the game. Large corporations like amazon often receive subsidies, tax cuts and other advantages which could guarantee that smaller businesses could never hope to compete.

One question here may be: do large financial players like banks receive unfair advantages as well over smaller and less established financial entities like bitcoin or crypto currencies? Perhaps bitcoin could use tax cuts similar to what amazon has to ensure it has a fair and level playing field against banks and other large institutions?

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davis196
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June 13, 2018, 05:03:57 AM
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Big corporations will always recevie unfair advantages,because they can corrupt politicians and clerks.
Can bitcoin receive such advantages?Well,if some big crypto whale wants to gain political support for his crypto project,I would say yes,he could spend some money for bribes.
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August 08, 2018, 05:26:38 AM
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Big corporations will always recevie unfair advantages,because they can corrupt politicians and clerks.
Can bitcoin receive such advantages?Well,if some big crypto whale wants to gain political support for his crypto project,I would say yes,he could spend some money for bribes.
There is a show, not fair here. What about tax breaks with big companies, small companies? Well, there is definitely something wrong with that, if it happens, it will be accompanied by bad fluctuations. Why not eliminate all but do not thoroughly.

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August 08, 2018, 11:23:50 AM
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It was obvious for me from the very beginning of cryptocurrency integration, That government would invent some ways to put a taxation on cryptocurrency usage, even if for the first sight it seems to be impossible.
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