Seattle passes campaign finance curbs on 'foreign-influenced' firms

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The Seattle City Council voted unanimously on Monday to approve campaign finance...

SEATTLE - The Seattle City Council voted unanimously on Monday to approve campaign finance legislation banning political donations in local elections from companies with at least 5% foreign ownership.

Seattle’s move is widely viewed as an effort to curb online retailer Amazon.com Inc, the city’s largest employer, which has flexed its political muscle the past two years. A spokesman for Amazon, which has been butting heads with the city for two years over attempts to levy more taxes on large employers, including Amazon, has declined to comment.

Seattle’s law comes a decade after the U.S. Supreme Court struck down limits on political contributions by corporations or unions in the landmark Citizens United case.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JessieJaneDuff Does this come into play if a business has foreign shareholders?

Why dont you stop your city counsel members for raising money in foreign countries for their election campaigns?

So what you’re trying to say is that Seattle would definitely vote in favor of Brexit.

That's not good; most Seattle politicians will lose all their funding sources from the dark-party...

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria seeks to boost revenue, support small firms with new finance lawNigerian President Muhammadu Buhari has signed into law a new bill that seeks to... Interesting! If Nigeria wants to develop, the first step should be investing in contraceptives. Seriously! Now that Cardi B rescinded her desire to move to Nigeria, they are seeking other options to boost their economy.
Source: Reuters - 🏆 2. / 97 Read more »