[DOWNLOAD] "Delimiting the Concept of Income: The Taxation of In-Kind Benefits (Canada)" by McGill Law Journal * eBook PDF Kindle ePub Free
eBook details
- Title: Delimiting the Concept of Income: The Taxation of In-Kind Benefits (Canada)
- Author : McGill Law Journal
- Release Date : January 01, 2004
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 399 KB
Description
The issue of which in-kind benefits should be taxed and how these benefits should be valued have concerned tax legislators, administrators, and academics since the introduction of the personal income tax system. Building her theoretical analysis on the income concept advanced by Henry Simons and relying on traditional tax policy notions of equity, neutrality, and administrative practicality, the author asserts that employees must be fully taxed on employer-provided in-kind benefits. To this effect, the article offers guidelines for distinguishing between taxable in-kind benefits and non-taxable conditions of employment. The author argues that the correct method of valuation of in-kind benefits is their fair market value, rather than the cost to the employer or the subjective value of the benefit to the employee. The article proceeds by revealing inconsistencies, inequities, and inefficiencies that have resulted from the manner in which Canadian tax administrators and courts have delineated taxability of in-kind employee benefits. Discussing such in-kind benefits as educational courses, employee trips, clothing, subsidized parking, and discounts on goods and services, the author makes suggestions that may be utilized to develop a matrix of detailed and consistent rules on the taxability of these and others in-End benefits. Depuis l'avenement du systeme d'impot sur les revenus de particuliers, les legislateurs, administrateurs et academiciens se soucient des questions posees par l'imposabilite et l'evaluation des prestations nonfinacieres. Dans cet article, l'auteur affirme que les employes doivent etre completement imposes sur les prestations non-financieres offertes par l'employeur. Elle fonde son analyse theorique sur le concept de revenu developpe par Henry Simons et a recours aux notions traditionnelles de politique fiscales telles que l'equite, la neutralite et la praticabilite administrative. Cet article offre un cadre grace auquel peut se faire une distinction entre benefices imposables et conditions d'emploi non imposables. L'auteur soutient que la methode d'evaluation appropriee est la valeur sur le marche plutot que le cout pour l'employeur ou la valeur subjective de la prestation pour l'employe. L'article revele egalement des incoherences, des inegalites et des pertes resultant de la maniere dont les autorites fiscales et les cours canadiennes ont delimite l'imposabilite des prestations non-financieres offertes aux employes. L'auteur examine des benefices tels que les cours, les voyages, les vetements, le stationnement subventionne et les rabais sur les biens et services, et offre des suggestions qui pourraient servir a developper une matrice reglementaire detaillee et coherente sur l'imposabilite des prestations non-financieres.