Originally Posted by fdx727pilot

Well, if you had been to the roadshow, you would know that it is, so any money Fedex adds to pay your taxes has to be grossed up so the taxes on the tax payment are covered. If your tax rate is say 33% (for easy math, since I'm a pilot and not an accountant,) if Fedex needs to add $12000 to cover your tax bill (US and HKG or CDG,) then they actually will add $18000, as 33% or $6000 is an additional tax on the payment.