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Other countries solve this by taxing it as a "benefit in kind". It is compensation, and should be included in how one is taxed.
by sneeze-slayer 6y ago
Other countries solve this by taxing it as a "benefit in kind". It is compensation, and should be included in how one is taxed.
- filoleg 6y agoIt is a thing in the US too. For example, I have to pay income tax on the annual "fitness reimbursement allowance" the company provides for us. Very simplified version: we can spend up to $1k/yr on fitness related expenses and get them reimbursement. We submit a reimbursement request, and if it gets approved, I get the money back in my account. The HR page explicitly warns that any reimbursement received will count towards your income tax.