Originally Posted by
italian7
I don't agree. The company paid $7000 so he could fly comfortably to his destination and back. This did not happen on the way back, I see the 75% refund as a compensation to the lack of comfort and service.
Anywayz thanks a lot KVS, that was EXACTLY what i was looking for.
Both the employer and the taxing authority in his company of residence would likely disagree with that.
At least in the US, the IRS has penalized people who took fully refundable tickets from their employers, exchanged them for cheaper tickets + cash and then failed to report the income.