Originally Posted by
Dadof6
All FDX shareholders and executives who have just cashed in on mega-options are very grateful to you HKG-based folks who have graciously donated your "tax equalization" fees/expat savings to offset the French taxes of our (non-existent) CDG domicile. Way to take one for the team, guys!
My guess is that they maybe only donated the interest the Company earned on the deduction they held over the past year. I believe they needed the take equal scheme to guarantee that they had the cash to pay HK or China the tax that they were asking.
Having said that, we never should have surrendered our right to the tax break; at least not until we negotiated a much better LOA.
Footnote: It is interesting that we have folks who think we still get the break. Lesson; fool me once, etc., etc.!