Assuming the existence of a written reciprocal agreement, employees of UFO Airlines who fly to Paris on otherwise empty seats on board another company's flight have no taxable income for the value of the transportation.

Question

Quizplus · Accepted Answer

If there is a written reciprocal agreement between UFO Airlines and the other company, then the value of transportation provided to employees on empty seats is not considered taxable income.

Assuming the Existence of a Written Reciprocal Agreement, Employees of UFO