A Primer on the Efficient Valuation of Fringe Benefits
Author : C. Eugene Steuerle
Publisher :
Page : 44 pages
File Size : 33,56 MB
Release : 1982
Category : Employee fringe benefits
ISBN :
Author : C. Eugene Steuerle
Publisher :
Page : 44 pages
File Size : 33,56 MB
Release : 1982
Category : Employee fringe benefits
ISBN :
Author : Office of Chief Counsel
Publisher :
Page : 84 pages
File Size : 22,90 MB
Release : 1991
Category : Employee fringe benefits
ISBN :
Author : Yehonatan Givati
Publisher :
Page : 39 pages
File Size : 46,98 MB
Release : 2016
Category :
ISBN :
How should fringe benefits be taxed? Though fringe benefits are covered in every basic law school course on federal income taxation, no widely accepted economic framework has developed for thinking about their taxation. As a result, policymakers lack a clear picture of the benefits and costs of alternative tax regimes, when faced with situations such as the free luxurious meals provided by Google and Facebook to their employees. This Article fills this gap in the literature, by developing an economic theory of the provision of fringe benefits. Employing this economic framework, this Article considers different tax regimes for fringe benefits, using standard measures of a desirable tax policy, namely equity, efficiency, and revenue raising. This analysis provides three valuable implications. First, when labor markets are competitive, the choice of tax regime for fringe benefits has no effect on either horizontal or vertical equity. Second, the efficiency of the provision of fringe benefits depends on the marginal taxable income from these benefits. Third, non-taxation of fringe benefits generates a "double penalty" phenomenon, which results in a greater effect on tax revenue than scholars have realized. In light of these implications, this Article shows that policymakers choosing among possible tax regimes for fringe benefits face a tradeoff between efficiency and revenue raising. The two extreme tax regimes for fringe benefit often used, namely non-taxation and taxation at fair market value, lead to non-optimal outcomes both in terms of efficiency and in terms of revenue raising. Therefore, adopting intermediate tax regimes, such as the taxation of fringe benefits at half their fair market value, is desirable.
Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management
Publisher :
Page : 1560 pages
File Size : 37,40 MB
Release : 1985
Category : Employee fringe benefits
ISBN :
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
Publisher :
Page : 504 pages
File Size : 44,71 MB
Release : 1984
Category : Employee fringe benefits
ISBN :
Author : Ronald S. Rizzo
Publisher :
Page : 914 pages
File Size : 25,17 MB
Release : 1984
Category : Employee fringe benefits
ISBN :
Author : United States. Congress. House. Committee on Ways and Means
Publisher :
Page : 1064 pages
File Size : 34,85 MB
Release : 1986
Category : Income tax
ISBN :
Author : United States. Congress. Senate. Committee on Finance
Publisher :
Page : 788 pages
File Size : 49,63 MB
Release : 1985
Category : Corporations
ISBN :
Author :
Publisher :
Page : 780 pages
File Size : 41,16 MB
Release : 1984
Category : Deferred compensation
ISBN :
Author : Jamaica Tax Structure Examination Project
Publisher :
Page : 860 pages
File Size : 50,66 MB
Release : 1991
Category : Business & Economics
ISBN :
Collection of papers on tax reform in Jamaica in the 1980s, including background information on the value added tax introduced in 1991. All aspects of direct and indirect taxes in various economic sectors are covered. Numerous tables provide empirical data on public finance aspects of the Jamaican economy.