Tax loophole lets Potash CEO avoid tax on $300 million in stock options
Published April 18, 2014
Thanks to Canada’s loopy tax laws, a miner making $50,000 per year will pay tax on 100% of their earnings because they get paid in salary, while the CEO who runs the mine can avoid tax on half their earnings because they get paid in stock options. Meet Bill Doyle, the outgoing CEO of the Potash Corporation […]