Economy · Full coverage
Company Cars Cost Employees Thousands More Than Expected Due to Taxes
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by N12 · 19 minutes ago
What happened
Israeli employees receiving company cars face significant taxes on the benefit, calculated based on the car's original list price and the employee's marginal tax bracket. The actual cost to the employee can be substantially higher than expected, sometimes exceeding 40% of the imputed benefit value.
- 01Company cars are taxed as income, increasing employee tax burdens.
- 02Tax is based on original list price, not depreciated value.
- 03Employee's marginal tax bracket dramatically affects the net cost.
- 04Electric and hybrid vehicles receive tax reductions.
- 05Employees should compare car benefit cost to cash equivalent.
- 06Tax reform proposals for electric vehicles were recently dropped.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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