Question

role of tax planning in compensation benefits

Answer 1

Tax planning can potentially offer a win-win situation for both the employee and the employer since not all forms of compensation are treated in the same manner for tax purposes. This chapter illustrates that compensation planning cannot be done in isolation from tax planning, and tax planning cannot be done in isolation from compensation planning. To appreciate the role of taxes in compensation planning, it is important to consider the tax consequences to both the employee and the employer since taxes can affect both the form and the amount of total compensation paid to employees.

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