Calif. Proposes A Job-Killing Tax On Talent

Law360, New York (July 7, 2014, 10:26 AM EDT) -- Next session, the California state legislature plans to raise corporate taxes on companies with high CEO pay. A similar bill passed a California Senate committee on May 23, but died when the Senate failed to pass it with 19 votes in favor and 17 votes against (a two-thirds majority was required for the bill to become law). The proposed bill would increase taxes on companies that pay executives more than 100 times average worker pay. Legislators justify the proposal on inequality grounds: the tax would "level the playing field" by compressing the wage distribution....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!