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(Washington, DC, December 7, 2016) The city council in Portland, Oregon, adopted a new local tax rule today that sets a landmark precedent for cracking down on excessive CEO pay. In a 3-1 vote, the council agreed to add a surtax on the city’s existing business license tax for firms that pay.
(Colin Miner/Patch) PORTLAND, OR – Here’s something. taxpayers and corporations but is now a tax credit for individuals while the corporate kickback goes to help fund K-12 education in.
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Everything you need to file and pay your Oregon taxes: instructions for personal income and business tax, tax forms, payment options, and tax account look up.
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The Revenue Division administers business taxes for Portland and Multnomah County, and special taxes such as occupancy taxes for hotels, B&Bs, and vacation rentals, and two enhanced services districts: clean & Safe District and Lloyd Improvement District.
Portland Plans To Tax Companies Who Pay CEOs 100 Times More Than Workers.. a city commissioner in Portland, Oregon, believes that those levels of income inequality should be addressed.
Oregon’s corporate income tax is a business tax levied on the gross taxable income of most businesses and corporations registered or doing business in Oregon. The Oregon corporate income tax is the business equivalent of the Oregon personal income tax , and is based on a bracketed tax system.
The city council of Portland in Oregon will vote on Wednesday whether to impose a tax on companies whose CEO’s pay exceeds the median salary of their workers by a ratio of more than 100-to-one.
Kennedy Tax Solutions / Dale R. Kennedy is a Tax Attorney Portland Oregon and also has Local Offices located throughout California, Oregon, and Washington Kennedy Tax Solutions / Dale R. Kennedy has 25 years experience as a Tax Attorney Portland Oregon and has been involved in tax matters including appeals, tax court, and administrative.
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"Today, Portland, Oregon, became the first jurisdiction in the United States to use the tax code to address the phenomenon of outrageous CEO pay," Novick said in a news release.
Portland Could Be The First City To Tackle Outrageous CEO Pay. A company that would normally owe $100,000 in taxes, for example, would pay $110,000 if its CEO earns more than 100 times the average worker. If the company pays its CEO more than 250 times the average worker, the penalty rises to 20 percent.