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When I'm a contractor and I go out to lunch with my clients I get to write that off as a business expense and it is effectively untaxed. Same for travel. Howe
by Periodic 14y ago
When I'm a contractor and I go out to lunch with my clients I get to write that off as a business expense and it is effectively untaxed. Same for travel. However, the company paying for my meals or travel to and from work should be taxed? This argument goes well behind just a few large corporations.
The line for when something is business related and when it isn't is very blurry. I probably socialize a lot more with my coworkers because the company provides us free food and a place to socialize. Previously, when I worked at companies that did not provide meals I ate a significantly higher number of meals at home, alone, or with non-company friends. These meals have a business value to the company, so aren't they a cost of doing business? You could argue that the company also gives me a computer that is more powerful than strictly required to do my job and I can even use it for browsing HN during breaks. Should that be taxed as a perk then?