Employee benefits to be taxed?

A paper has just been released by the IRD on recognising salary trade-offs as income. This addresses the inequities of sacrificing salary for benefits not subject to FBT such as car parks and child care provided on the employer’s premises plus it suggests that charities who allow salary sacrifice to their employees should also become subject to FBT. Check out further information on this topic on the link below.

http://taxpolicy.ird.govt.nz/sites/default/files/2012-ip-salary-tradeoffs-as-income.pdf