goldengull3 said:Under which specific laws are Christmas and Easter bonuses or vacation pay required to be paid in cash?
First off, regarding Christmas bonuses, vacation pay, and similar benefits, up to $833 per year (if I recall correctly, that's the current threshold, though it used to be $667) they are entirely tax-free. Second, these benefits aren't technically part of a base salary; unless a collective bargaining agreement or a similar legal document states otherwise, an employer is perfectly free to provide them via merchandise or gift vouchers. This particular situation has absolutely nothing to do with that.
One can certainly make many arguments against Ivica Todorić, but calling him "shady" in this instance is a stretch. In fact, one might actually have to credit him for providing Christmas and vacation pay when he wasn't legally obligated to do so at all.
The thing is, he’s got a massive surplus of those vouchers, too. He actually uses them as a form of currency with contractors—instead of paying cash for a job, he settles up with vouchers at a one-to-one ratio.
So then I end up getting a chunk of my paycheck delivered in his company vouchers, also at a one-to-one ratio.🙂
It seems like everywhere you turn, it's all about Trump's voucher system.😲