Ballot measure meant to tax Amazon to fund "basic income" probably won't tax Amazon
According to its campaign literature, Prop K sought to tax e-commerce giants like Amazon to benefit at-risk populations such as pregnant Black women and transgender people, in addition to small businesses.
But the proposal sparked sharp pushback from the small business community, with Small Business Commission President Sharky Laguana tweeting that its language would wind up taxing many small businesses and potentially exclude Amazon because a large share of its local business comes from server hosting, not necessarily e-commerce sales.
- The measure has been pitched as a tax on Amazon. However I am hearing Amazon does not believe they will be subject to it. Under gross receipts tax rules, if more than 80% of your revenue comes from one category, then 100% of your revenue is taxed under that category.