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fringe benefit |
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fringe benefitPerk given to employees in addition to their pay or salary. Fringe benefits include company cars, health insurance, pensions, subsidized lunches, favourable loan facilities, and slightly more unusual rewards, such as cases of wine and holidays. Fringe benefits are usually taxable on the value of the benefit. However, companies often try to keep one step ahead of the taxman by finding innovative fringe benefits not covered by existing tax legislation. |
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