View Single Post
Old 04-03-2010 | 05:57 PM
  #6  
990Convair's Avatar
990Convair
Line Holder
 
Joined: Oct 2008
Posts: 476
Likes: 3
From: Heavily Involved
Default Move package

I wouldn't take the "buy my house" move package, but as I read the LOA, the company will give you $10K up front and $2700/month for an apartment over there. I am just saying if you are in the top 10% you could easily work a 16 on/28 off schedule, staggered with vacation every 4 months. Basically you would be looking at 7 round trips on AA coach to HKG at $1200/RT. What you do on your days off is nobody's biz. The LOA doesn't say I have to live there 30 days a month, just live there. Not too bad when you think about it.

Now, as far as the tax situation, I think you still get the first $130K tax free, just the rest is taxed as though you are in the states. Correct me if I am wrong but if you have an address over there, you are still an EXPAT working abroad, LOA or not.

Chime in here, let's have some info flowing so those that may bid this upcoming HKG can learn BEFORE living it!
Reply