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This is a terrible law. How exactly do you measure the compensation of the CEO of Ikea (moving into SF soon at 6th and Market), Adidas, DJI, Atlassian, Spotify
by diebeforei485 6y ago
This is a terrible law. How exactly do you measure the compensation of the CEO of Ikea (moving into SF soon at 6th and Market), Adidas, DJI, Atlassian, Spotify etc? Exchange rates fluctuate a lot and stock based compensation is tricky.
- standardUser 6y agoYou're arguing that modern finance is so complicated that it should be exempt from taxation.
- thrill 6y agoThe cost of compliance is never factored into the making of law.
- xg15 6y agoWhat would you do instead?
- diebeforei485 6y agoI would recognize that taxing pay ratio is a ridiculous concept because temp agencies can be used (and already are used) for lowest-wage jobs like janitors. These are not independent contractors, these are W2 employees of a temp firm. What I would do instead is tax highly paid executives. This does not have the side-effect of making companies only use temp firms (as described above) if they need a barista or receptionist.
- xg15 6y ago> What I would do instead is tax highly paid executives How do you define who is a highly paid executive?
- diebeforei485 6y agoYou could use any definition including their own (but tax the person, not the whole company), or any alternative definition like income > $1M.