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A new tax bill will target Amazon and Walmart Senator Bernie Sanders intends to introduce legislation that would require large companies like Amazon to pay a tax to cover the cost of federal assistance for their employees.
The intention is to incentivize large corporations to pay a fair living wage.
The bill would set a 100% tax on government assistance received by workers at companies with 500 or more employees. For example, if an Amazon worker were to get $300 in food stamps, Amazon would be taxed $300.
Sanders intends to introduce the bill in the Senate on September 5.
Business Insider Intelligence's Gregory Magana has the full story. | |
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| UBS has discontinued its SmartWealth pilot program, according to an internal memo seen by Reuters and confirmed by the bank. Read More → | | | | |
| Walmart is expanding its partnership with on-demand home services company Handy to offer professional support for indoor projects on Walmart.com. Read More → | | | | |
| The feature leverages AI to read aloud the most relevant parts of articles in up to 28 different languages. Read More → | | | | |
| California-based cybersecurity startup Xage has announced a new tool, dubbed Xage Policy Manager, to help utilities and critical infrastructure providers secure their assets and systems using blockchain. Read More → | | | | |
| Amazon's new Prime Book Box service delivers curated boxes of children's books geared to specific ages every one, two, or three months depending on the customer's selection. Read More → | | | | |
| Facebook's Head of Cybersecurity Policy invited 12 tech companies — including Google, Microsoft, Snapchat, and Twitter — to meet in order to discuss how to address misinformation ahead of the 2018 US midterm elections. Read More → | | | | |
| Best Buy has announced results for its fiscal Q2 2019 (ended August 4, 2018), revealing that it brought in $9.4 billion in revenue, a 4.9% increase year-over-year (YoY). Read More → | | | | |
| Swedish furniture and home goods retailer Ikea will add a new line of smart plugs that allow users to control a power outlet remotely. Read More → | | | | |
| eBay CEO Devin Wenig is aiming to bring the e-commerce marketplace up to 500 million active users, which would represent a 285% increase on the 175 million users the company has now. Read More → | | | | |
| Google is rebranding and adding new features to Google Tez, its proprietary mobile payments platform designed for the Indian market. Read More → | | | | |
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| The healthcare industry is undergoing a necessary transformation due to pressure from ballooning healthcare costs, a rising burden of chronic disease, and shifting consumer expectations. And wearables like smartwatches and fitness trackers are playing a key role in this transformation. In this new report, Business Insider Intelligence explores the key drivers behind wearable usage by insurers, healthcare providers, and employers, and the opportunities wearables afford to each of these stakeholders. Learn More → | | | | |
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