Business
Tax breaks could revitalise CBD bars and restaurants, bring workers back to cities – Sydney Morning Herald
Hotels and parking companies want to cut fringe benefit taxes so workers can park in the city again and bosses can take employees out for lunch.
Suspending FBT could mean a business could reward an employee with a weekend away and a meal and not be taxed on it, he said.
This is a great initiative to stimulate our sector and also a way cash-strapped businesses can reward employees. It really would be a win for all parties and would make a difference even as a short-term measure.
PwC tax partner Ellen Thomas said providing a temporary exemption for hospitality and parking would have a dual benefit of getting people back to the city and cutting…
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