Originally Posted by
BrownGirls YUM
The real bottom line is that numerous pilots would not owe as much in total tax obligation by being domiciled in Hong Kong as they would if they lived in the US. And the company is going to pocket the difference. The company is not denying this in their propaganda, but they aren't openly acknowledging it either. They CERTAINLY aren't spelling out just how many would be better off based in HKG without the equalization.
Anyone else find this interesting?
So how do those of you who plan to bid HKG feel about subsidizing the tax burden of those folks in CDG?
The company isn't pocketing any differnce in HKG with regard to tax equalization. As you said, the tax hit in HKG should be LESS than the US obligation. So, as I see it, the HKG FDA guy who moves there (with his 500lbs) is trading in his individual foreign earned income exclusion for "up to" $2700 a month in rent subsidy. ie. The HKG tax equalization cost Fred nothing (except what they paid PWC to file your taxes for you)
Who's fooling who? More acurately, they won't fool me, again. (read ex-49'er)
Still NOOOO!