Cathay throws Americans under the bus-Uhgain!
01-11-2014, 02:47 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Oct 2008
Position: L188
Posts: 979
Cathay throws Americans under the bus-Uhgain!
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.
What a company Cathay is!
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.
What a company Cathay is!
01-11-2014, 03:00 PM
#2
Gets Weekends Off
Joined APC: Nov 2009
Posts: 5,193
Originally Posted by Braniff DC8
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.
What a company Cathay is!
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.
What a company Cathay is!
01-11-2014, 03:34 PM
#3
Gets Weekends Off
Joined APC: Apr 2008
Position: B787. Left seat.
Posts: 270
01-13-2014, 03:45 PM
#4
Gets Weekends Off
Joined APC: May 2006
Posts: 131
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.
02-14-2014, 10:52 PM
#6
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
Originally Posted by Beaver Hunter
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.
The only people who will have problems are those breaking the law. Otherwise no issue.
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