http://www.nytimes.com/2016/12/07/busine....html?_r=0

The surcharge, which Portland officials said is the first in the nation linked to chief executives’ pay, would be added to the city’s business tax for those companies that exceed the pay threshold. Currently, roughly 550 companies that generate significant income on sales in Portland pay the business tax.

Under the new rule, companies must pay an additional 10 percent in taxes if their chief executives receive compensation greater than 100 times the median pay of all their employees. Companies with pay ratios greater than 250 times the median will face a 25 percent surcharge.

It does nothing to increase the salary of an average worker at the targeted companies.

(12-09-2016 05:34 PM)SuperFlyBCat Wrote:  It does nothing to increase the salary of an average worker at the targeted companies.

Agreed. Also seems like there is likely a very easy loophole.

(12-09-2016 05:39 PM)Gakusei Wrote:  

(12-09-2016 05:34 PM)SuperFlyBCat Wrote:  It does nothing to increase the salary of an average worker at the targeted companies.

Agreed. Also seems like there is likely a very easy loophole.

That also. City council could have passed a law that the more a company increases average pay, at targeted companies, then they decrease that companies payable city tax. Or just leave them alone.

So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

(12-09-2016 05:52 PM)ODUsmitty Wrote:  So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

I doubt you will see many companies leave. What you will see is this will have an effect when corporations are deciding between expanding to Portland and say Denver.

Portland has voted down 4 plans to fluoridate their water supply in the past 60 years, most recently in 2013.

This is all you need to know about the residents of Portland.

Portland simply won't be 'home' to any major corporations... and any taxes on products from those companies will simply be borne by the local residents.

Looks like the areas just across the city lines from Portland should do some recruiting

I represent a company in Hillsboro, OR which is right outside Portland. My first trip there we went to a few bars before we ate dinner and I knew Oregon is liberal, but it was far more liberal than I imagined. Fortunately the owner of the company I deal with is at least middle of the road, which up there is probably considered far to the right.

(12-09-2016 09:02 PM)usmbacker Wrote:  I represent a company in Hillsboro, OR which is right outside Portland. My first trip there we went to a few bars before we ate dinner and I knew Oregon is liberal, but is was far more liberal than I imagined. Fortunately the owner of the company I deal with is at least middle of the road, which up there is probably considered far to the right.

If you are into distilleries. I enjoyed the tasting at this one.

http://www.eastsidedistilling.com

(12-09-2016 05:52 PM)ODUsmitty Wrote:  So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

This is not just companies "in portland" this would be any companies selling anything in Portland. GOnna buy a GM car? nerp....

Ways in which I can, off the top of my head, easily think of to defeat this law:

1) Deferred compensation
2) Non-liquid short term compensation (healthcare, car, chauffeur, etc)
3) Non-liquid long term compensation (stock)
4) Shell companies
5) Non-salary compensation (bonuses ... and lots of em)


There ... five right off the top of my head.

I predict the only people who pay this tax are people trying to brown nose progressives to get their business.

(12-09-2016 11:04 PM)georgia_tech_swagger Wrote:  Ways in which I can, off the top of my head, easily think of to defeat this law:

1) Deferred compensation
2) Non-liquid short term compensation (healthcare, car, chauffeur, etc)
3) Non-liquid long term compensation (stock)
4) Shell companies
5) Non-salary compensation (bonuses ... and lots of em)


There ... five right off the top of my head.

I predict the only people who pay this tax are people trying to brown nose progressives to get their business.

100% commission jobs

(12-09-2016 06:04 PM)Kaplony Wrote:  

(12-09-2016 05:52 PM)ODUsmitty Wrote:  So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

I doubt you will see many companies leave. What you will see is this will have an effect when corporations are deciding between expanding to Portland and say Denver.

Yep, these socialist govts can't help but keep shooting themselves in the foot. Wanna bet they won't apply the same "logic" to their own salaries?

(12-09-2016 10:59 PM)Bull_Is_Back Wrote:  

(12-09-2016 05:52 PM)ODUsmitty Wrote:  So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

This is not just companies "in portland" this would be any companies selling anything in Portland. GOnna buy a GM car? nerp....

So they pass the extra taxes on to the consumer, leaving people either buying cars outside of Portland or paying too much for a car. Take aim at the CEO, end up hurting either the local employees or the consumers.

(12-10-2016 09:11 AM)Chappy Wrote:  

(12-09-2016 10:59 PM)Bull_Is_Back Wrote:  

(12-09-2016 05:52 PM)ODUsmitty Wrote:  So the company moves out of Portland, leaving the very employees they were supposedly trying to help unemployed.

This is not just companies "in portland" this would be any companies selling anything in Portland. GOnna buy a GM car? nerp....

So they pass the extra taxes on to the consumer, leaving people either buying cars outside of Portland or paying too much for a car. Take aim at the CEO, end up hurting either the local employees or the consumers.

Yup, that's their plan. If you're a car dealership in portland this is bad news for you.

Car dealerships aren't usually owned by the manufacturers.. so depending on the law, probably not. Tesla owns theirs, which is why they have issues in Texas

Lots of correct information in this thread though.

Portland isn't home to many major corporations and IS home to lots of very small companies... and that's how they like it.

The problem is that most 'major' cities are defined by their major industries and there IS value in 'size'. I wouldn't be surprised to see the Trailblazers leave. Yes, the players make millions as do the owners, but lots of their employees don't. Of course there are ways around that... you simply 'incorporate' only the players and executives and then 'outsource' the other jobs.

I find out mind-boggling that people can think that steps like this will produce the intended consequences.

(12-10-2016 01:57 PM)Owl 69/70/75 Wrote:  I find out mind-boggling that people can think that steps like this will produce the intended consequences.

Why do you find it mind-boggling? You can get a sampling of their mind-set, group-think in this forum. Where do you think they get their talking points from other Libturds that print, speechify, and act on their idiotic thinking.

A good example is when Oblunder's people said that to stop the violence in the middle east is jobs.