Joe Nguyen Warns Seattle Business Tax Burden Is Becoming Concentrated

Seattle's business tax changes have dramatically reduced the number of companies paying the city's business and occupation (B&O) tax, according to Seattle Metropolitan Chamber of Commerce President and CEO Joe Nguyen. Nguyen says changes to Seattle's B&O tax structure reduced the number of businesses paying the tax from approximately 23,000 to fewer than 3,000, citing city figures. While acknowledging that the changes make the tax system more progressive, Nguyen warns that they also concentrate the tax burden on a much smaller group of businesses. Nguyen argues that Seattle should focus on growing its business tax base rather than relying on fewer companies to generate revenue. He also calls for city officials to review programs that may be worthwhile but are not necessarily required city services. His comments come amid debate over Seattle's budget, government spending, business taxes and the city's economic competitiveness. Subscribe to The Center Square for more Seattle news, Washington state politics, government spending, business policy and taxpayer accountability. #Seattle #SeattleBusiness #BusinessTaxes #SeattleBudget #JoeNguyen #WashingtonEconomy #TaxpayerAccountability