This was taken directly from the new Q&A:
Please confirm how the Tax Equalization plan criteria will be implemented by PwC SPECIFICALLY for Pilots who have already qualified for the $82,000 tax exclusion. How will PWC set criteria for pilots who have lived abroad for a considerable amount of time?
Tax Equalization simply tries to make the U.S. citizen pay the same tax he (she) would in the U.S. Thus, since you do not get the $82,000 exclusion in the U.S. , you also do not get it in a Tax Equalization program. If you did, that would be a tax holiday, not Tax Equalization. Don't lose sight of the objective of Tax Equalization which is to provide the pilot with a “tax neutral” position as if he (she) remained in the U.S. It is designed to yield neither a tax benefit nor loss to the employee for taking the assignment. The majority of pilots would incur a financial loss without the tax equalization mechanism regardless of the exclusion.
This is literally a bold faced lie. I realize that this may be the case in some countries, maybe even France, but it is far from the case in Hong Kong. Apparently getting the exclusion, plus only paying a maximum 17% (15% for most incomes) is a 'financial loss' compared to the 30+% you pay in the states.
Anyway, just suggesting that you read this Q&A propaganda with a wary eye, as it doesn't seem entirely accurate.
I hope every junior bus guy who voted yes gets STV'd against his will and gets a case of Chairman Mao's Revenge and misses his kid's first birthday.
Just kidding, I hope no one ever has to go against their will and we create some new jobs for my buds still grinding it out at the regionals and ACMIs.