FlyerTalk Forums - View Single Post - Cathay Pacific to slash housing packages for pilots
Old Oct 20, 2017 | 12:30 am
  #111  
davidj1
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Thanks for clarifying.

Seems weird getting an allowance for something that everyone needs to pay for. Usually you can claim for a deduction if you incurred the expenditure in order to generate revenue (ie salary from a job). I'm not sure how rent can be classed as revenue earning costs? Is this a local HK thing?

The tax 'paper work' or allowance I'm assuming will continue with Cathay? If there is no cost to Cathay why would it cease?

The reimbursement portion really seems like pure cash remuneration, dressed up as a reimbursement. So really while its being called slashing "housing packages" its really just cutting their take home remuneration?

sxc, it might be worth understanding this in order to precisely understand the real impact for pilots?
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