Fringe Benefits Tax
In a number of countries (e.g., Australia, New Zealand and Pakistan) the 'fringe benefits' are subject to the Fringe Benefits Tax (FBT), which applies to most, although not all, fringe benefits. In India, the fringe benefits tax was abolished in 2009.
In the United States, employer-sponsored health insurance was considered taxable income until 1954.
Read more about this topic: Employee Benefit
Famous quotes containing the words fringe, benefits and/or tax:
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—Anna C. Brackett (1836–1911)
“One of the benefits of a college education is, to show the boy its little avail.”
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—Ralph Waldo Emerson (1803–1882)