** Under HK Law Housing Allowance is paid in cash and you can use it anyway you please.....and its not taxed!
Cathay however do not pay us a Housing Allowance - the call it a Benefit......so 1. it is taxable 2. you must use it or lose it.
Why CX have chosen to appease the HK IRD (and pi$$ off the pilot body) is a mystery....no other companies/banks - including Swire - treat their expats in this way.
So, just to clarify; does everyone at CX entitled to receive housing (including managers), receive a housing "benefit" rather than a housing "allowance"? Or, is it just the pilots that are subjected to these conditions?
That would be a huge double standard if it were so.... but it also wouldn't surprise me!
