Free Lunches at Work? The Tax Man Wants a Bite
In Silicon Valley, the employee perks are the stuff of legend. Parents-to-be at Facebook are given a bonus to help with expenses and extensive maternity and paternity leave. Software company Evernote will pay to have their employees’ apartments cleaned twice every month. And Google — perhaps the most generous when it comes to fringe benefits — lavishes its employees with free concierge service and a cafeteria chock full of gourmet food. While these benefits are partially a product of the intense competition for qualified tech workers, they may also be a way for companies to simply increase compensation without giving the tax man a cut. And according to an article in yesterday’s Wall Street Journal, the IRS is taking notice: There is growing controversy among tax experts about how to treat these coveted freebies. The Internal Revenue Service also has been focusing on the topic, according to attorneys who practice in the area, examining whether the free food is a fringe benefit ...
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competition
evernote
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parents-to-be
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silicon valley
street
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wall
Free Lunches at Work? The Taxman Wants a Bite
In Silicon Valley, the employee perks are the stuff of legend. Parents-to-be at Facebook are given a bonus to help with expenses and extensive maternity and paternity leave. Software company Evernote will pay to have their employees apartments cleaned twice every month. And Google — perhaps the most generous when it comes to fringe benefits — lavishes its employees with free concierge service and a cafeteria chock full of gourmet food. While these benefits are partially a product of the intense competition for qualified tech workers, they may also be a way for companies to simply increase compensation without giving the taxman a cut. And according to an article in yesterday’s Wall Street Journal, the I.R.S is taking notice: “There is growing controversy among tax experts about how to treat these coveted freebies. The Internal Revenue Service also has been focusing on the topic, according to attorneys who practice in the area, examining whether the free food is a fringe benefit ...
apartment
compensation
competition
evernote
exception
facebook
google
journal
location
maternity
notice
parents-to-be
paternity
practices
service
silicon valley
street
usa
wall
Why Walmart Took Over Facebook for 72 Hours
Throughout the 2012 holiday season, Walmart is running a staggering two billion ads on Facebook. Some 50 million Walmart ads popped up on Black Friday weekend alone, when the world’s largest retailer shut out the competition and bought up all the Facebook ad space available in advance. Given the comprehensiveness of the campaign, you’d think there was some proof that blanketing Facebook with ads yields stronger sales, right? Interestingly enough, no, there’s not much proof out there that this is the case. A recent Wall Street Journal piece shed light on how the biggest-ever, specially-designed mobile ad campaign on Facebook took place over Black Friday weekend, when Walmart monopolized the social-media site with a whopping 50 million ads during a 72-hour period. The campaign was in the works for months prior to launch and went live during what is arguably the year’s most popular and frenzied shopping weekend. So did the campaign work? On one hand, Walmart marketing chief Stephen ...
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United States: SEC Staff Issues Wells Notice To Netflix And Its CEO - Duane Morris LLP
The Wall Street Journal and other news outlets reported late yesterday that Netflix, Inc. filed a Form 8-K disclosing that each of Netflix and its CEO, Reed Hastings, had received a Wells notice from the staff of the Securities and Exchange Commission relating to an alleged violation of Regulation Fair Disclosure (FD) in connection with a Facebook post by Hastings on July 3, 2012.
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Found more than 1 month ago on channel
Mondaq
Thiel could invest $150 million in AirBnb: report
SAN FRANCISCO - Peter Thiel, the PayPal co-founder and Facebook Inc's first outside investor, is in talks to invest $150 million in Airbnb as part of a fresh investment round that would value the lodging rental start-up at $2.5 billion, the Wall Street Journal reported Friday, citing unnamed sources.
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Found more than 1 month ago on channel
Reuters