Today saw the conclusion in court of a dispute between Santa and the tax office.
While Santa argued for employees to be granted up to $1,000 each worth of Christmas party and presents, the court ruled in favour of the tax office and capped the benefit at $300.
However Santa successfully argued that this minor benefit should be exempt from Fringe Benefits Tax. Unfortunately a condition of this was that the employer cannot claim it as a tax deduction or claim the GST credit on the expense.
Outside the court Santa said he would appeal against this as he thought it should be an essential 'Claus'.