# Seattle could lose hundreds of millions of dollars in tax revenue as Starbucks expands operations in Tennessee, a local outlet estimates.

*business · news · 2026-04-22 · Fox Business*

## Key points

- Seattle could lose up to $750 million in tax revenue as Starbucks expands in Tennessee.
- Starbucks will invest $100 million and create 2,000 jobs in Nashville corporate operations.
- Washington's business tax climate ranking dropped from 6th in 2014 to 45th in 2026.
- Washington's 'millionaires tax,' the state's first income tax, starts in 2028 at 9.9% over $1 million.

**Companies:** Starbucks
**Countries:** United States

[Read the full story on Fox Business](https://www.foxbusiness.com/media/seattle-could-lose-hundreds-millions-tax-revenue-starbucks-expands-tennessee)

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