“The Internal Revenue Service is considering taxing the perks that many companies, especially those in the technology sector, are providing for employees.
That includes free shuttle service to and from work, meals, yoga and gym classes, Fox News Channel reports. Some tech companies go all out on the meals, with fancy cafeterias and top chefs.
Companies view the perks as necessary to attract and retain workers. They also say providing workers with food saves the employees’ time, allowing them to be more productive.
But the IRS is assessing whether the perks should be classified as fringe benefits, which would subject them to tax, according to Fox.
It reports that if the IRS does make the perks taxable, companies will compensate by increasing workers’ pay….”
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