More than two-thirds of San Francisco voters approved Proposition L — the first measure in the nation to tax a corporation that pays their top executive over 100 times their typical worker — the latest election results showed Thursday.
Under the measure, also known as the CEO tax, corporations that pay CEOs 100 times more than their average worker will pay an additional 0.1% tax on their annual business tax payment.
Continue reading for free
Sign in to read this story and receive the weekly roundup in your inbox.
Success! Your account was created and you’re signed in.
Please visit My Account to manage your account.