Fringe Benefit Taxes: The Changes,and Strategies for Handling it

Abstract

In September, 1985, the Government announced proposals for a major overhaul of the taxation system in Australia. In its completed form, this will involve the introduction of a Capital Gains Tax, imputation of Company Dividends, the taxation of fringe benefits, and the non-deductibility of entertainment expenses.

This article explores the likely impact of these taxation changes on employers, and more particularly upon those involved in personnel management and those directly involved with the issue of remuneration.