Benefits received by reason of a person’s employment are taxable. David Whiscombe wonders whether that extends to certain gifts made to government ministers.
What do street cleaners and government ministers have in common? Apart that is from both claiming that their job is to clean up the mess left by other people?
The answer is that both have been in the news recently for receiving gifts: for the street cleaner Paul Spiers a holiday in Portugal paid for by grateful residents of his cleaning beat and for some government ministers assorted widely-reported benefits.
What are the tax consequences?
Tax law is blind to privilege: the same rules apply to cabinet ministers as to street cleaners. The basic rule is that benefits received by reason of a person’s employment (which includes holding of office of course) are taxable as employment income. Benefits provided...
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Benefits received by reason of a person’s employment are taxable. David Whiscombe wonders whether that extends to certain gifts made to government ministers.
What do street cleaners and government ministers have in common? Apart that is from both claiming that their job is to clean up the mess left by other people?
The answer is that both have been in the news recently for receiving gifts: for the street cleaner Paul Spiers a holiday in Portugal paid for by grateful residents of his cleaning beat and for some government ministers assorted widely-reported benefits.
What are the tax consequences?
Tax law is blind to privilege: the same rules apply to cabinet ministers as to street cleaners. The basic rule is that benefits received by reason of a person’s employment (which includes holding of office of course) are taxable as employment income. Benefits provided...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
