I have said it before, one of the reasons the company prefers HK is the 16% vs. 49% tax rate difference. The numbers are significant and should have been analized by ALPA before the NC signed off and before the MEC voted.

But like everything else with this LOA the attitude has been: It is more then we get now so we will take it.

Anybody think the company hasn't figured this table out? Anybody think the MEC independently got these numbers?

XXXXXXXXXXXXXXEstimated Tax Equalization Benefit

Income...............HK..............CAN..............CDG
100K
150K
200K
250K
300K