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."

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