Anonymous wrote:I’m ts not illegal but it’s taxable income to you so unless the company is cheating on taxes it will be reported as income to you. So if you spend $500 and have a 30% marginal rate, you’ll have to pay another $150 in taxes so you’re really only getting $350.
Anonymous wrote:Anonymous wrote:Most companies the T&E for food no one looks at
If this is a holiday gift and it’s a European company they will definitely look at it
Anonymous wrote:Most companies the T&E for food no one looks at
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$200 tops. I worked for a European company and they are more frugal with funds. Salaries are lower, taxes are higher.
This. I think most European countries would be quite surprised by a $500 dinner bill.
Companies, not countries!
yeah but this sort of thing is more expensive there
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$200 tops. I worked for a European company and they are more frugal with funds. Salaries are lower, taxes are higher.
This. I think most European countries would be quite surprised by a $500 dinner bill.
Companies, not countries!
yeah but this sort of thing is more expensive there
Actually it is not. Have been spending lots of time in European capitals lately and am consistently shocked at how cheap restaurants are compared to DC. The inflation here has been insane, but EU nice restaurants stayed flat apparently and now much lower than here. Colleagues in EU were shocked to hear some of the average DC prices. And this is in pricey Western EU.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:$200 tops. I worked for a European company and they are more frugal with funds. Salaries are lower, taxes are higher.
This. I think most European countries would be quite surprised by a $500 dinner bill.
Companies, not countries!
yeah but this sort of thing is more expensive there
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:DH works for a European based company. They didn't include the US team in the holiday party and instead said take your spouse out to a nice holiday dinner and expense it.
What amount do you think is reasonable for a "nice holiday dinner"?
That's illegal.
How so? It's no different than a spouse accompanying the employee to a company paid holiday party.
It doesn’t meet the tax requirements to “expense it” if that’s the manner it was used.