Motus Report Reveals Almost 40% of Monthly Car Allowances Lost to Taxes

Total Tax Waste for Employers and Employees Adds Up to $1.2 Billion Per Year

Motus released its Vehicle Program Tax Waste Report, which reveals how car allowance tax waste impacts U.S. companies and their mobile employees, including those who work in professional sales and management, as well as top executives.

The report found that 39 percent of one year’s car allowance spend is lost to tax waste, with the total tax waste for employees and employers reaching $1.2 billion each year.

Click here to read the report

The post Motus Report Reveals Almost 40% of Monthly Car Allowances Lost to Taxes appeared first on Fleet Management Weekly.

from Fleet Management Weekly http://bit.ly/2XV9Pl4




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