The contracts they have appear quite good. You need to dig into how they will treat the tax situation for you in China. I've exchanged a few e-mails with Doug and the responses were less than acceptable in regards to how to deal with taxes in China. Kind of the nudge-nudge, wink-wink, don't worry about it answer that leaves one feeling quite vulnerable when the government comes knocking on your door to ask why you haven't paid your taxes.

Hey if you're just doing a one year deal and then leaving the country that might work out okay, but if you want to stay there over the long term it won't work.

On this latest B747 contract they have quite good numbers, but no mention of taxes. So the question is, are those gross numbers or net after taxes? If they are paying your taxes will they provide a tax receipt for you? You'll need that for filing your U.S. income taxes so that you can make a deduction for those foreign taxes paid.

Perhaps Koru can chime in on this as he would know a little more about how it should be done.



Typhoonpilot