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 ...
apartment
compensation
competition
evernote
exception
facebook
google
irs
journal
location
maternity
notice
parents-to-be
paternity
practices
service
silicon valley
street
usa
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
Wall Street edges lower after service sector data
Stocks added to losses Wednesday, following a report that showed private employers added less jobs than expected in March and the U.S. services sector showed the weakest growth in seven months. (Read More: Retail Investors Are Back! But Don't Hit 'Sell' Just Yet) The Dow Jones Industrial Average declined, led by Bank of America and General Electric, after hitting fresh intraday and closing hig...
america
dow jones
electric
general
service
services
street
wall
Found 1 month ago on channel
MSNBC
Texan's Plans Put Wall Street on Edge
The chairman of the House financial services committee, Jeb Hensarling, wants to limit taxpayers' exposure to banking, insurance and mortgage lending.
hensarling
house
insurance
jeb
service
services
street
texan
wall
Dell drama takes new twist with 2 new buyout bids
The two new suitors pursuing Dell have a message for Wall Street: Don't allow Michael Dell to hoard potential gains from the PC maker's expansion into more profitable technology products and services.Competing bidders Carl Icahn and the Blackstone Group LP are wooing Dell shareholders with an offer of a little more money today coupled with the possibility of even bigger returns if the struggling p...
blackstone group
carl icahn
dell
expansion
michael
possibility
service
services
street
technology
wall
Found 1 month ago on channel
MSNBC