Portland put itself in the international spotlight recently when it adopted the nation’s first “CEO tax,” scheduled to go into effect next year.

The tax requires any company doing business in Portland to pay a 10 percent surcharge on top of the city’s existing 2.2 percent business license tax if its chief executive officer’s compensation is more than 100 times the median pay of all its workers. Companies with CEOs who make 250 times employees’ median pay will pay a 25 percent CEO tax.

As Fortune magazine tartly put it: “Portland, Ore., is on a crusade to solve income inequality, even if only in its mind.” READ MORE