Taxation is highly dependent on location and personal factors (single income vs double income household) and other factors that are irrelevant in this context.
Also "benefits" in the American sense aren't really a thing in the EU.
> I think like 60+% of engineers get company cars.
Honest question: How useful is when we frequently hear that Europe doesn't use cars as much as in the US? I can't fathom someone in a major European city finding much use for a car.
Very usefull. Many people live outside the city centers (which are very small in Belgium) and use cars to commute.
Public transport is relatively good within a city, but if you come from outside the city it can get really bad. 20 min by car can be 1 hour by bus for example.
It is but at a hilariously cheap rate. It’s pennies on the dollar (or euro, in this case) compared to owning a car outright.
It’s a fringe benefit that was invented in order to enable employers to sweeten the pay package without having to straight up pay more, and respectively pay a lot more taxes.
We’ve a large bunch of these tax efficient fringe benefits in Belgium but the company car is by far the one that provides the most value.
Yup, so Belgium has a lot of weird things like that, but it's really hard to take it away since it's such an important part of salary for many people and taxation is really high so most people are very opposed to losing benefits like this.
Yeah healthcare is for sure better in EU and so less of a benefit, but I still get additional insurance through my company and most white collar jobs do. It's for the extra costs of hospitalisation such as upcharges for a single room and other costs general health care doesn't cover.
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Also "benefits" in the American sense aren't really a thing in the EU.