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Portland City Council Passes "CEO Tax". A company with a 250-to-1 ratio or greater would pay a 25 percent surcharge. If a company ordinarily owes $1 million in taxes to Portland, it would have to pay an additional $100,000 or $250,000.".
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The City of Portland, Oregon. (Note: entity changes generally require the Revenue Division to set up a new account. For sole proprietors who certify the three most recently completed tax years, either 1) their gross income everywhere is less than $20,000 or 2) their only business activity everywhere is the rental of one or two residential rental units.
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City of Portland Taxes. They rank portland 106 (out of 107 areas) for the state, county, and local tax rates in cities with a population of 200,000 ranked by a total rate as of July 1, 2010. The combined sales tax rate varied from zero to 10 percent in the 107 U.S. cities with a population above 200,000.
Portland, Oregon is raising taxes on companies with CEOs making 100 times employee salaries – and giving the money to the homeless. The new law, which passed 3-1 in the city council, is expected to generate between $2.5 million and $3.5 million a year starting in January 2018. Though no specific plans have been announced,
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Portland, Oregon, may soon be the first American city to take a legal stand against outsized CEO pay. In an explicit bid to reduce extreme income inequality, the city government is considering penalizing companies that pay CEOs many times more than average workers.
In an effort to improve income inequality in the U.S., Portland, Oregon, will tax publicly traded companies with high CEO pay for tax years.
In an effort to combat income inequality, the city of Portland, Ore., has voted to tax companies that pay their CEOs more than 100 times what they pay their average workers. The new surtax is the.
The Portland, Oregon City Council has passed an ordinance that will impose a tax surcharge on publicly traded companies whose chief executive officers are paid at least 100 times more than the median pay of other company employees. Portland is the first locality in the nation to enact such a requirement.