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Old 22nd Sep 2012, 04:20
  #10 (permalink)  
ETOPS240
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The contract changed a year ago, for that very reason - cash element taxation.

I have seen the PeopleCX tax return of an AE and a TT cadet. It clearly shows It is taxed as income throughout the first 6 years, not at the end of 6 years, and only on the cash element.