Trump Tax Law Targets Office Snack Deductions

Reported about 10 hours ago

The recent changes in Trump's tax law may impact the office snack culture as it eliminates the long-standing deduction for food provided to employees. Effective December 31, companies offering office snacks, coffee, or on-site lunches will face new taxes, threatening a popular workplace perk that has become integral to modern corporate environments. While restaurants can still deduct employee meal costs, most other employers will not be able to, potentially raising $32 billion in additional taxes by 2034.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis