JT777
All very valid questions that need to be asked; to which I shall add;
- regarding the portion of the "loan" forgiven/ repaid for each year of service, is it declared by CX to HKIRD as taxable income paid to the cadet: if not, why not?
- Should the forgiven loan be deemed taxable income, who will pay such tax, the cadet or the company?
- Should the cadet been deemed liable to pay tax on the forgiven loan, will said cadet be able to afford food?