Do CABI Corporate Memberships result in a taxable event?
The ACME Corporation becomes a Gold CABI Partner. The ACME Corporation pays $50 for an employee membership - and the employee pays $0 for the membership. The employee signs up - and uses the annual membership.
Hasnt this just created a taxable event? Hasnt ACME just given the employee a $50 benefit, and the employee must pay income tax on that $50? Is there any authoritative informmation on this?