Miscellaneous 1998

Fringe benefits tax: Time for a rethink

Source: Australian Tax Research Foundation

Published Date: 1 Jan 1998


Is the present Australian tax treatment of fringe benefits appropriate? Should they be a separate fringe benefits tax system, focused on employers, alongside the PAYE/personal income tax system, rather than a single system taxing cash and other forms of income in the same way? Is the status quo too costly in terms of administration and compliance costs?.

The broad conclusion of this report is that there are strong grounds for moving away from the present FBTsystem, which was initially introduced as a transitional means of taxing fringe benefits, towards integration of the taxation of fringe benefits into the PAYE/personal income tax system. The present FBT system is complex, costly with which to comply, hated by employers, and frequently and unfair as between different employees.

Author Profile
Geoff Carmody

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Miscellaneous 1998

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