In the 1980s the government introduced a fringe benefits tax. If employees received personal benefits from their
Question:
In the 1980s the government introduced a ‘fringe benefits tax’. If employees received personal benefits from their employer, such as restaurant meals, then the company had to pay tax on this benefit. Advocates of the fringe benefits tax argued that it would stop relatively wealthy people avoiding tax by receiving benefits rather than money income. But the tax was strongly opposed by restaurant owners and employees. Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: