The Resource Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs

Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs

Label
Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs
Title
Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs
Creator
Subject
Language
eng
Summary
Company cars form a large proportion of the car fleet in many OECD countries and are also influential in determining the composition of the wider vehicle fleet. When employees provided with a company car use that car for personal purposes, personal income tax rules value the benefit in a number of different ways. How accurate these rules are in valuing the benefit has important implications for tax revenue, the environment and other social impacts such as congestion. This paper outlines the tax treatment of company cars and commuting expenses in 27 OECD countries and one partner country. It compares these tax settings with a stylised "benchmark" tax treatment that estimates the full value of the benefit received by employees with company vehicles. The paper demonstrates that the estimated tax expenditures associated with company car taxation in these countries in 2012 can be quite considerable. Significantly, from an environmental perspective, in most countries employees faced no additional increase in tax payable in response to an increase in the assumption of distance driven
http://library.link/vocab/creatorName
Harding, M
Geographic coverage
International
Index
no index present
Language note
English
Literary form
non fiction
Series statement
OECD Taxation Working Papers
Series volume
no. 20
http://library.link/vocab/subjectName
  • OECD
  • company car
  • commuter allowance
  • employment income
  • fringe benefits
  • environmental tax
Label
Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs
Instantiates
Publication
Extent
70 p.
Label
Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs
Publication
Extent
70 p.

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