Your task is to consider if FBT is a good tax in relation to the criteria mentioned above (equity, efficiency, simplicity, certainty, neutrality) and to also express your option if the recent calls by professional and government organizations for the abolishment of FBT are warranted.

Answer rating: 100% (QA)

Fringe benefit tax FBT was a form of tax that companies paid in lieu of benefits they offered their employees in addition to the compensation paid to them It was included by the Finance Act 2005 with ... View the full answer