The Daily Populous

Saturday November 7th, 2020 day edition

image for “Overpaid Executive Tax” in SF hits firms that pay CEOs 100X more than workers

Other businesses that pay taxes on gross receipts instead of payroll expenses "would pay an additional tax from 0.1 percent to 0.6 percent of [their] San Francisco gross receipts.".

"This tax not only affects large, local firms like Salesforce, but also large corporations that do business in the city, like Visa and J.P. Morgan," NBCNews wrote.

A similar tax in Portland, Oregon, affects only publicly held companies, but the San Francisco tax affects both private and public firms, the NBCNews article said.

The percentages charged will vary depending on the size of the "executive pay ratio" between the top and median salaries.

Small businesses that already have exemptions from the gross receipts tax are also exempt from the Overpaid Executive Tax.

The tax was also opposed by the San Francisco Taxpayers Association and Libertarian Party of San Francisco.

The new revenue will "support our health and public health systems, which are deeply strained from the consequences of inequality. »

Volunteer mapping project has saved 3,000 girls from FGM in Tanzania, charity says

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Some 3,000 Tanzanian girls have escaped female genital mutilation (FGM) in five years after using a volunteer-created mapping project, a British-Tanzanian charity has said.

The project has helped rescue teams find teenage girls who have run away from home to avoid being cut and take them to safe houses.

Crowd2Map, which was created in 2015 by Janet Chapman, has added almost five million buildings in Tanzania to previously empty areas on OpenStreetMap. »

As Biden Inches Ahead in Georgia, Stacey Abrams Draws Recognition and Praise

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Stacey Abrams, who earlier this year was on a short list of potential vice-presidential candidates, was ultimately not chosen by Joseph R. Biden Jr.

“Stacey built that infrastructure, and Donald Trump’s presidency energized that infrastructure, and it opened up voters to persuasion who were previously not open, particularly in the suburbs.”.

Mr. Biden pulled ahead of President Trump in Georgia, a state that has not elected a Democratic presidential candidate in nearly three decades, and maintained a slight lead throughout Friday. »