Are Cathay stopping Tax now?
A mate of mine was foolish enough to go to a Cathay interview the other day. They told him that the company now stops 17% of the salary to cover Hong Kong tax. I thought that the Maximum tax in HK was 15% but usually worked out nearer 11%. I also thought that guys would set up a dedicated tax account, divert 15% of income into it and when the dread bill rolled in could pay it off with minimum of pain and pocket the change and interest. Have things changed in the last few years or is the company pulling fast one? (Surely not!)
Kirk out....