Fringe Benefits

Fringe Benefits means:
indirect deductible compensation provided to an employee, usually including health and life insurance as well as a pension. Benefits supplementing normal wages or salaries. Although benefits were initially quite minimal, they have subsequently become among the fastest-rising costs to modern corporations, usually constituting over a third of the cost of compensation. Fringe benefits may be given in the form of a money allowance, e.g. a holiday bonus or in the form of benefits in kind, e.g. free accommodation. Benefits are an important element of collective bargaining negotiations.

U.S. and other Developed Countries International Tax Meaning

Although most countries tax the benefit of employer-provided automobiles and accommodation, the tax treatment of other fringe benefits varies considerably.

Exclusion for Transportation Fringe Benefits Issue

You may find information about Exclusion for Transportation Fringe Benefits in this Tax Platform of the American Encyclopedia of Law.