LOA Absolutes
06-30-2007, 09:30 PM
#42
On Reserve
Thread Starter
Joined APC: Jun 2007
Posts: 14
This post was a great response I would just like to clarify; the no US Tax number is about $140K in HK assuming about $60K in housing costs. Could go up to 200K with bigger housing expenses. I sure hope we get some tax numbers from our own guys and aren't waiting for fedex to provide them.
And reading the language, if I return to the US for 36 days I could screw FEDEX out of my exclusion (they'll have to pay a lot more to equalize my taxes). Maybe they will split the diff with me.
And reading the language, if I return to the US for 36 days I could screw FEDEX out of my exclusion (they'll have to pay a lot more to equalize my taxes). Maybe they will split the diff with me.
Who Has to Pay?
China has a multi-tiered system of tax liabilities for foreigners, which has lead to some confusion, particularly over the so-called "90 or 183 days rule". We identify the more likely scenarios and the tax liabilities as follows:
Expatriates on extended business trips to China
If you are sent by your organization to China and your salary is paid off-shore (probably in your home country) and you spend more than 183 days in China in a calendar year, than you have to pay IIT in China based on the days you effectively spend in the country. This means that if you spend in China, let's say, 184 days within a calendar year, than you would have to pay taxes on all income sourced from China (meaning income related to your work performed in China).
Salary minus 4000 x Tax Rate, less Quick Deduction Figure = IIT Tax Bill
Monthly Taxable Salary-----Tax Rate-----Quick Calculation Deduction
From RMB500 to RMB20,000-----20%-----RMB375
RMB20,001-40,000-----25%-----RMB1,375
RMB40,001-64,000-----30%-----RMB3,375
RMB60,001-80,000-----35%-----RMB6,375
RMB80,001-100,000 -----40%-----RMB10,375M
In excess of RMB100,000-----45%-----RMB15,375
1 US Dollar = 7.62350 Chinese Yuan Renminbi
So a 1st yr $42k pilot = RMB320,187-RMB4000 X %45 -RMB15,375= RMB126,909= US$16,647 Taxes Owed
For a $250k Captain = RMB1,905,875-RMB4000X%45-RMB15,375= RMB840,468= US$110,247 Taxes Owed
So while a $42,000 guy is losing on the $82k exclusion, I don't believe that there is a windfall for anyone Company or Pilot.
07-01-2007, 03:39 AM
#43
Line Holder
Joined APC: May 2007
Posts: 34
YGTBSM! PLEASE TELL ME THIS ISN"T A GOOD RUMOR!*? PLEASE TELL ME OUR NEGOTIATING COMMITTEE CHAIRMAN HAS BETTER JUDGEMENT AND COMMON SENSE THAN THIS!*? PLEASE?
Mark: This quote is a true statement. Those were BC words to the Subic Rep.
Mark: This quote is a true statement. Those were BC words to the Subic Rep.
07-01-2007, 04:39 AM
#44
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
07-01-2007, 05:32 AM
#45
Gets Weekends Off
Joined APC: Apr 2007
Position: 57 Capt
Posts: 141
One of the rumors on this message board this week was that BC didn't have a problem with the pilots paying for their own FDA schooling costs. His logic (at least as it was stated here?) was that they would have to pay a similar amount for private school in Memphis anyway?
YGTBSM! PLEASE TELL ME THIS ISN"T A GOOD RUMOR!*? PLEASE TELL ME OUR NEGOTIATING COMMITTEE CHAIRMAN HAS BETTER JUDGEMENT AND COMMON SENSE THAN THIS!*? PLEASE?
Mark
YGTBSM! PLEASE TELL ME THIS ISN"T A GOOD RUMOR!*? PLEASE TELL ME OUR NEGOTIATING COMMITTEE CHAIRMAN HAS BETTER JUDGEMENT AND COMMON SENSE THAN THIS!*? PLEASE?
Mark
individually, we have an unbelievably intelligent crew force.
collectively, we are idiots.
time to make the MEC accountable. this foa should have NEVER been passed to us.
07-01-2007, 06:28 AM
#46
Gets Weekends Off
Joined APC: Apr 2006
Position: MD-11 Captain
Posts: 4,304
What am I missing here?
Am I missing something here?
Let's assume, for discussion purposes, that the LOA gets voted down by the membership. What then? SIBA ... I would assume. That would include double-deadheads to both Europe and Asia. Asia dh's are 2 days each direction plus crew rest time (at least 5 nonproductive positioning days EVERY month, plus TONS of WorldPerks miles!). SIGN ME UP! If that happens IT WILL GO VERY SENIOR and cost the company more than the LOA costs.
This SIBA option works for me 2 ways. Maybe I'll be senior enough to hold this good deal ... or ... more likely, guys senior to me will bid it and I'll be relatively more senior in the rest of the MD-11/MD-10 flying.
So ... I'll ask again, what am I missing here?
Mark
Let's assume, for discussion purposes, that the LOA gets voted down by the membership. What then? SIBA ... I would assume. That would include double-deadheads to both Europe and Asia. Asia dh's are 2 days each direction plus crew rest time (at least 5 nonproductive positioning days EVERY month, plus TONS of WorldPerks miles!). SIGN ME UP! If that happens IT WILL GO VERY SENIOR and cost the company more than the LOA costs.
This SIBA option works for me 2 ways. Maybe I'll be senior enough to hold this good deal ... or ... more likely, guys senior to me will bid it and I'll be relatively more senior in the rest of the MD-11/MD-10 flying.
So ... I'll ask again, what am I missing here?
Mark
07-01-2007, 06:42 AM
#47
Gets Weekends Off
Joined APC: Mar 2006
Posts: 1,409
07-01-2007, 06:58 PM
#50
Line Holder
Joined APC: May 2007
Posts: 34
If you read the LOA under section D. STV for HKG and CDG. By passing this LOA you are giving a freehand to the Company to do this (granted it is temporary). If I'm not mistaken under the current contract (Prez jump in) this is not the case. One of our previous managers was notorious of throwing in our faces that we had a choice and we bid it. This is true. He also claim that the Company has never forced anyone to go to SFS (this I don't know). But I will say this much, if this LOA passes and they can't fill the seats it is the junior guys that will be inverse into it and I can definitely see this individual say "The union negotiated for it"
Why would anyone would agree to this.
Why would anyone would agree to this.
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