Tax Free Fringe Benefits
Sydney, Rydge Publications Pty Ltd, 1975
116 Pages Posted: 27 Jun 2012 Last revised: 19 Feb 2015
Date Written: 1975
The Land and Income Tax Act 1954 was interpreted by the courts to provide a uniquely favorable tax status being granted to employee fringe benefits. The term "fringe benefit" describes those benefits passed by an employer to an employee other than the payment of wages and salaries. Tax Free Fringe Benefits aims to provide an account of the various types of fringe benefits, and how they may have been adopted to benefit both employer and employee under the Land and Income Tax Act 1954.
Abstract by Holly Hill.
Keywords: fringe benefits, tax avoidance, Land and Income Tax Act 1954, employment, allowances, compensation, gratuity, emolument, convertibility, payment in kind
JEL Classification: E24, H24, H26, H29, J33, J39, K34, M52
Suggested Citation: Suggested Citation