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Braniff DC8
01-11-2014, 02:47 PM
So my pal has just informed me that CX is going to start double taxing guys in Hong Kong. In other words you'll now have US tax taken out AND then have to save for Hong Kong tax. You will also be taxed on your retirement. AND CX will be giving the IRS all your Hong Kong banking information.

A few years ago CX stopped the retirement program in the US for Americans.

CX is currently being sued in Paris by its pilots based there as well.

Be glad you did not get hired at Cathay and if you did, sorry man, it really sucks.:mad:

What a company Cathay is!


Grumble
01-11-2014, 03:00 PM
So my pal has just informed me that CX is going to start double taxing guys in Hong Kong. In other words you'll now have US tax taken out AND then have to save for Hong Kong tax. You will also be taxed on your retirement. AND CX will be giving the IRS all your Hong Kong banking information.

A few years ago CX stopped the retirement program in the US for Americans.

CX is currently being sued in Paris by its pilots based there as well.

Be glad you did not get hired at Cathay and if you did, sorry man, it really sucks.:mad:

What a company Cathay is!

From talking to a buddy of mine there, it sounds more like they're trying to drive out the expats. Maybe to hire cheaper local (Chinese) pilots?

EYBusdriver
01-11-2014, 03:34 PM
Firm grip of the non-essential - PPRuNe Forums (http://www.pprune.org/fragrant-harbour/531391-firm-grip-non-essential.html)


DjHubberts
01-13-2014, 03:45 PM
I would think its more a hong Kong law than anything CX is doing just to the pilots. Yes, you will have to pay hong Kong taxes.... But due to double taxation treaties, those taxes paid as an expatriate can then be deducted off your US income taxes. Any taxes paid in HK that go above the limits for the present year for the deductible, can be used up to ten years from the year of filing.

Beaver Hunter
02-13-2014, 08:38 PM
Nothing to see here. It's the greedy US gov. desperate for revenues to support all the half nots that is driving this.
The only people who will have problems are those breaking the law. Otherwise no issue.

80ktsClamp
02-14-2014, 10:52 PM
Nothing to see here. It's the greedy US gov. desperate for revenues to support all the half nots that is driving this.
The only people who will have problems are those breaking the law. Otherwise no issue.

Yes... that.... :eek: