Companies that pay their CEOs too much could start paying for it in taxes

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What’s one way to stop companies from paying their CEOs too much? Taxes. 

Portland, Ore. this week passed a law that penalizes companies whose chief executives make more than 100 times the median pay of their workers. 

The tax, approved by Portland’s city council, is a way of combatting income inequality. 

Companies will have to pay an additional 10 percent in taxes if they violate the rule, according to the New York Times. If a chief executive earns more than 250 times as much as his employees taxes will increase 25 percent.  Read more…

More about Ceo Pay, Income Inequality, Portland, and Business
Source: Mashable

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