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San Francisco Will Tax Employers Based on CEO Pay Ratio

By Yana S. Johnson on August 12, 2021
Posted in Executive Compensation, Local Tax Ordinance, Measure L

San Francisco’s Measure L, which passed with the overwhelming support of the voters, will be effective in 2022 for businesses operating in the City of San Francisco. Measure L, titled the “Overpaid Executive Gross Receipts Tax,” imposes an additional tax on gross receipts or payroll expenses of any business in which the CEO (or…

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