I think the issue is not IF additional and higher taxes and fees will be levied as that is pretty much now a given.
The issue, imho, is what, if anything, our employer will do to offset the major reduction in net pay.
If it does nothing, it worsens both the attrition and recruitment problem to such an extent that an embarrassing number of aircraft would be grounded and the brand image would suffer massive negative publicity from the consequent, and forced, scaling back of services. If it does something, it would increase its costs way more than it would wish.
And, would the (remittance) tax apply to Provident Fund payout? If yes, it would certainly trigger the immediate departure of many (most?) of our more senior colleagues who will have a substantial amount invested and a correspondingly large amount to lose. Why risk getting exactly the same net payout from the Prov Fund (after tax) in 5 years time as you could get right now tax free?
Last edited by BANANASBANANAS; 29th Jan 2018 at 13:54.