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The tax position of benefits varies by country. Australia, for example, has the Fringe Benefits Tax, which is a tax on benefits levied on the employer at the hi
by jacques_chester 8y ago
The tax position of benefits varies by country. Australia, for example, has the Fringe Benefits Tax, which is a tax on benefits levied on the employer at the highest marginal tax rate.
Unsurprisingly, Australian workplaces are miserly. At my last job before moving to the US, there was a hot water dispenser installed in the staff room. But we, the employees, had to buy for coffee, tea, sugar and milk ourselves. It was achieved on an honour system, with a little container where you would throw in some cash from time to time.
- dannyw 8y agoFood and drinks are not FBT’d in Australia. > Food and/or drink provided to, and consumed by, current employees on your business premises on a working day are exempt property benefits https://www.ato.gov.au/law/view/document?DocID=SAV%2FFBTGEMP%2F00015 https://www.ato.gov.au/law/view/document?DocID=SAV%2FFBTGEMP... There are plenty of companies in Australia with very good benefits, like Atlassian and Canva.
- jacques_chester 8y agoI guess they were the regular sort of misers, then.