portland oregon ceo tax

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Law360 (January 23, 2019, 2:28 PM EST) — A bill recently introduced in the Oregon House of Representatives would increase the minimum corporate tax and the corporate excise. Tawna Sanchez,

The surtax is effective for tax years beginning on or after January 1, 2017 and is imposed on companies with a high CEO to median employee compensation ratio. The Portland Business License Tax . All corporations doing business in Portland are subject to the 2.2 percent business license tax.

Rob Nosse (D-Portland) wants to fix that. "Instead of paying the top corporate tax rate in Oregon of 7.6 percent," OSPRIG’s report notes, "they can pay close to nothing, even if the profits are.

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Revenue from the new tax, which seeks to address income inequality, is intended to be used to pay for programs for homeless people. Skip to main content. The Guardian – Back to home.

Portland Surtax on Corporations with Extreme CEO-Worker Pay Ratios – A Backgrounder – Summary On December 7, 2016, the city council in Portland, Oregon, adopted a proposal for a surtax on their local business license tax that will penalize publicly traded companies with extremely wide pay gaps.

Portland/Multnomah Business Tax This summary is intended to inform attorneys regarding the rules for the City of Portland/Multnomah County tax returns as it impacts the revenue and income from their law practice.

Portland expects the city’s unusual tax on companies with high-paid chief. Publicly traded companies were first required to report CEO ratios in 2018, covering their 2017 financial results. Among.

ROGER MARTEN. Roger Marten founded Marten Transport, Ltd. in 1946 at the age of 17, delivering milk and other dairy products. His routes at that time were primarily in the Modena, Wisconsin area where Roger was born and raised.

Portland’s executive-pay surcharge will be levied as a percentage of what a company owes on the city’s so-called business license tax, which has been in place since the 1970s.

Maybe CEO pay is too high and maybe it isn’t, but a Fortune 500 corporation is unlikely to renegotiate its chief executive’s compensation package to avoid an additional tax hit of a few thousand dollars in Portland, Oregon.

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