Financial Times FT.com

Maryland puts health tax on big business

By Dan Roberts in New York and Holly Yeager in Washington

Published: January 13 2006 02:00 | Last updated: January 13 2006 02:00

Big US companies last night faced the first ever employment tax aimed at plugging gaps in the public healthcare system after politicians in Maryland passed controversial new "fair share" legislation.

The bill, targeted almost exclusively at Wal-Mart, calls on companies with more than 10,000 employees in the state to spend at least 8 per cent of their payroll on health insurance or pay the balance towards publicly run health schemes.

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