Tax attack could end frequent-flyer boom
Jul 24, 2004, 11:49 am
#1
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Tax attack could end frequent-flyer boom
Tax Commissioner Michael Carmody has ordered a crackdown on business executives using their credit cards to accumulate vast numbers of frequent flyer points.
Anyone who collects more than 250,000 frequent flying points in a year will be subject to a special tax inquiry by "a senior technical leader", Mr Carmody said.
http://www.smh.com.au/articles/2004/...?from=storylhs
Anyone who collects more than 250,000 frequent flying points in a year will be subject to a special tax inquiry by "a senior technical leader", Mr Carmody said.
http://www.smh.com.au/articles/2004/...?from=storylhs
Jul 24, 2004, 4:00 pm
#3
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Jul 24, 2004, 5:26 pm
#4
Join Date: Jul 2004
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Would the resources of the tax office be better used to ensure that companies pay exactly the tax they should.
I might be wrong but I do not think that the tax that might be collected from business executives who earn lots of FF points.
Regards,
AussieStarBloke
I might be wrong but I do not think that the tax that might be collected from business executives who earn lots of FF points.
Regards,
AussieStarBloke
Jul 24, 2004, 8:15 pm
#5
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Originally Posted by AussieStarBloke
I might be wrong but I do not think that the tax that might be collected from business executives who earn lots of FF points.
Jul 24, 2004, 8:44 pm
#6
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To be honest, it doesn't seem too unreasonable to me. If the company is paying for the trips, then the miles earned in this manner do seem to me to be a fringe benefit
If buying flights for business travel generates a free trip for the employee/director for their personal use, how is this not a fringe benefit?
Dave
If buying flights for business travel generates a free trip for the employee/director for their personal use, how is this not a fringe benefit?
Dave
Jul 24, 2004, 10:56 pm
#7
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Originally Posted by Dave Noble
If buying flights for business travel generates a free trip for the employee/director for their personal use, how is this not a fringe benefit?
Jul 25, 2004, 1:41 pm
#8
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If they are going to tax points gained by an employee paying corporate expenses, why not tax FF gained by traveling for business ? It's the same rationale...
Not to give anyone stupid ideas, eh, as I think it would be unenforceable...
Not to give anyone stupid ideas, eh, as I think it would be unenforceable...