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Intel
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05-12-2000 6:33pm#1just came out of a presentation by Intel and lmao!
Apart from the crappy presentation, cheap patronizing free stuff and their clear desperation to sign degree students (except for the business degree students who they practically told to **** off) the benefit plans seemed a bit dodgy.
Every bonus/benefit seemed to be tied in to the company's performance, so you could be Albert Einstein working like a ******* day in, day out then some ****wit knocks over a critical machine and you're back to basic salary (very basic). That's not even counting the competition.
What really clinched it for me though, was the "gift" PC they give you. Not "free" - a "gift". Presumeably because they're a gift they don't legally have to disable the serial number and can track your movements accross the Internet. Big brother wears a shiny clean-suit and works for Intel apparantly.
They also generously pay your ISPs monthly subscrition fee (very generous because they're free!) probably in a bid to get more of the unwashed masses on to the net for them to track. And the final perk - they replace it every three years. 3 years! 3 long ****ing years! This is a company whoose whole business strategy is based on trying to force people to upgrade every 18 months and they only give employees PCs every 3 years!
I did get a nice application form to wipe my ass with though
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and the nice thing about the pc????
well, it goes down as part of your salary, so you have to pay tax on it.
get a 1000 pound pc, pay 440 pound tax.
so in reality, you are paying the goverment 440 quid for a 1000 pound pc.
so its not really a gift is it.....
at least, thats what happened to everyone in gateway who thought they were getting free pcs, and then found out that their pay packets werent wrong, just had a big wad of tax added
nice....
AMP waits in the dark for cable to arrive...0 -
dunno, hte "gift" thing might make the difference in that case. I'm not 100% but I think it's
if you are given a PC and the company writes it as a expense along the lines of a bonus or a reward, you get taxed the same as any other "benefit in kind" - this really hit people who got *big* company cars, sort of why many company cars are now small to mid range as the company also gets hit by this tax (though not as much) through it's company PRSI and PAYE contribution. Many companies have instead decided that they won't give the car but will instead pay for petrol used mon-fri and pay your tax and insurance on their account (which costs them less than it would cost you). THis can be written off as a company expense and doesn't get taxed (i think).
In the case of a "gift", if the company claims it as a corporate gift, they pay a small amount of tax and the receiver gets it free.
there was a lot of trouble a few years ago (when I was in college) when an english company gave "gifts" of holiday homes to it's big customers. THey, however, claimed it as a company expense and not a "gift" so that their profit margins were seemingly lower and they didn't have as big a tax bill.
The ecrement impacted with the air re-allocation device when their customers got hit with a tax bill, which pushed some of them into the superannual gains tax bracket. Nasty stuff ensued....
/me not tax accountant so me no know the full ins and outs. This was just an example we were given for what goes where in corporate P&L accts.
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