Cathay throws Americans under the bus-Uhgain!
01-11-2014 | 02:47 PM
#1
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Line Holder
Joined: Oct 2008
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From: L188
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: Nov 2009
Posts: 5,508
Likes: 109
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: Apr 2008
Posts: 270
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From: B787. Left seat.
01-13-2014 | 03:45 PM
#4
Gets Weekends Off
Joined: May 2006
Posts: 131
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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: Oct 2006
Posts: 17,473
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From: Poodle Whisperer
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