For example 80k might sounds good in one country but after tax you might take home less than if you made just 60k in another country.

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.

>Of the 6 million cars on Belgian roads, about 10 percent are company cars.

>Even a first job often comes with a car, and most employees also get unlimited fuel cards.

That sounds fucking crazy.

Also PTO is more regulated in the EU than it is in the US.

What? What do you mean by bulk?

I'm not sure what you're asking here.

I am not sure what you mean by saying "constitutes the bulk of benefits in the US"

https://www.statista.com/statistics/631987/percent-of-income...

Do you mean outside of plain salary, medical benefits are the highest?

I think that may be more correct.

But even that may not be universally true. For folks in software, at least matching retirement benefits will outweigh medical benefits

I'm not really familiar with US pension plans so I stand corrected.

This translates to about half a million 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.

50%+ of all Europeans who live in urban areas commute by car*

https://ec.europa.eu/eurostat/statistics-explained/index.php...

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.