Wednesday, May 31, 2017

Portland taxes excessive CEO pay: what could go wrong?

Portland placed an extra 10% tax on excessive CEO pay:

"When I first read about the idea of applying a higher tax rate to companies with extreme ratios of CEO pay to typical worker pay, I thought it was a fascinating idea," said Commissioner Steve Novick, who championed the bill after seeing similar efforts in Arizona and California. "[It was] the closest thing I'd seen to a tax on inequality itself."

1 comment:

  1. This is a slippery slope. I suspect if these increased taxes make the Portland operations to have meaningful margin compression then you'll likely see them leave the city. Similar to the reason to saw so many tax inversions considered over the past several years.

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