aztec2008
You truly are an idiot. Your level of thought is purely on the 1st level of industrial relations. You have the total inability to think something through to its final conclusion which is usually at the 3rd to 5th level. The reality is that it is only because of us, existing CX pilots, warning the likes of you that the iCad deal was grossly substandard and would leave the successful cadet in severe financial stress that the company has had to sweeten the deal. They haven’t done this through the goodness of their heart. They have done it because they have been grossly underwhelmed with suitable applicants. Most sensible people could see this though. The fact is the new deal still is grossly inadequate because:
1. The housing is still grossly substandard and is 100% taxable.
2. The housing isn’t indexed to the Hong Kong Government Rental Index, therefore isn’t indexed for inflation.
3. Once you have completed 6 year of service the “forgivable Loan” will be 100% taxable as it will then be deemed income by the IRD. It won’t matter if you were a long track cadet and used the entire loan for your training. It will be deem income and taxed at the highest rate.
Shall I go on? If you want to be taken seriously sunshine, you had better start thinking past the end of your nose.