Korean Air up their pay
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Join Date: Mar 2007
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Korean Air up their pay
TYPE
NEW PAY RATE (totalgross*package USD/month)
INCREASE
B777
$12,932
$2000
B744
$13,332
$1000
A330
$11,432
$1000
B737NG
$9,442
$1000
The amounts are tax paid.
Home Bases - LHR, FRA, CDG, AKL, SYD, BNE, LAX, YYZ, YVR, JFK, SFO, ORD, ATL, HKG, KUL, BKK
Rishworths have the details.
NEW PAY RATE (totalgross*package USD/month)
INCREASE
B777
$12,932
$2000
B744
$13,332
$1000
A330
$11,432
$1000
B737NG
$9,442
$1000
The amounts are tax paid.
Home Bases - LHR, FRA, CDG, AKL, SYD, BNE, LAX, YYZ, YVR, JFK, SFO, ORD, ATL, HKG, KUL, BKK
Rishworths have the details.
Capt Kremin
The amounts are tax paid only in SKorea. My advice is to be very careful with commuter rosters. Most countries will treat you as a resident for tax purposes on commuter rosters.
The amounts are tax paid only in SKorea. My advice is to be very careful with commuter rosters. Most countries will treat you as a resident for tax purposes on commuter rosters.
Join Date: Jun 2004
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The amounts are tax paid only in SKorea. My advice is to be very careful with commuter rosters. Most countries will treat you as a resident for tax purposes on commuter rosters.
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Ok so they are paying US 2 K extra. Well that about makes up for the worsening exchange rate!!
No matter how you spin it you will still be away for up to 20 days in a row and flying with a FO who would sooner not have you there.
No matter how you spin it you will still be away for up to 20 days in a row and flying with a FO who would sooner not have you there.
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any way around these blood suckers?
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The only way around it may be to form a group of endorsed wannabes , hire an interpreter and offer your services collectively at the magic 20k which would easily extract me to icn....
For Info the following countries have a tax treaty with Australia and South Korea is on it, so im not sure of the rules exactly but I think you are only required to pay the tax in one of the countries. If the ATO still make you a resident they would have to reduce your tax bill by the amount of tax paid in Korea, that would be the worse case.
Argentina
Italy**
Slovakia
Austria**
Japan**
South Africa
Belgium**
Kiribati
South Korea**
Canada**
Malaysia
Spain
China
Malta**
Sri Lanka
Czech Republic
Mexico
Sweden**
Denmark**
Netherlands**
Switzerland**
Fiji
New Zealand
Taipei
Finland
Norway**
Thailand
France**
Papua New Guinea
United Kingdom
Germany**
Philippines**
United States
Hungary
Poland
Vietnam
India
Romania
Indonesia
Russia
Ireland**
Singapore
For Info the following countries have a tax treaty with Australia and South Korea is on it, so im not sure of the rules exactly but I think you are only required to pay the tax in one of the countries. If the ATO still make you a resident they would have to reduce your tax bill by the amount of tax paid in Korea, that would be the worse case.
Argentina
Italy**
Slovakia
Austria**
Japan**
South Africa
Belgium**
Kiribati
South Korea**
Canada**
Malaysia
Spain
China
Malta**
Sri Lanka
Czech Republic
Mexico
Sweden**
Denmark**
Netherlands**
Switzerland**
Fiji
New Zealand
Taipei
Finland
Norway**
Thailand
France**
Papua New Guinea
United Kingdom
Germany**
Philippines**
United States
Hungary
Poland
Vietnam
India
Romania
Indonesia
Russia
Ireland**
Singapore
Last edited by Trashed Aviator; 21st Sep 2007 at 14:52. Reason: additional information
The Korean income-tax rate is 5 to 10 percent. Must be 10 %. Average Australian tax on that amount around 40% can now be reduced by 10% for tax credit from Korea.
Rough figures only pay approx 30% tax on total amount if treated as Australian Resident.
Should leave about 10,000 to 11,000 AUD per month in hand.
Rough figures only pay approx 30% tax on total amount if treated as Australian Resident.
Should leave about 10,000 to 11,000 AUD per month in hand.
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Get your salary paid into your "employers" (your employer can be a private "consultancy) bank account in Jersey or Mauritius or Bermuda...the Caymans.....etc etc etc
Like I say, get a good accountant
Like I say, get a good accountant
Leave Australia, simple as that. Easier done if single than with a family I know. Is it really worth losing 1/3 of your salary just for living there ? Low to middle income it's one of the best countries in the world to live, for high income earners few benefits other than the lifestyle, many aspects of which can be found elsewhere at far lower cost.
For a single pilot why not spend your time off in Paris, Phuket, Los Angeles, Vancouver etc.
For married Aussies having the family in New Zealand might work out. For foreigners there less than six months a year it should be easier to stay under the radar.
Best advice, get a good accountant to sort it out before hand.
For a single pilot why not spend your time off in Paris, Phuket, Los Angeles, Vancouver etc.
For married Aussies having the family in New Zealand might work out. For foreigners there less than six months a year it should be easier to stay under the radar.
Best advice, get a good accountant to sort it out before hand.
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Forget NZ Metro Man, the lezo with no dental policy running that country has nothing but taxes on everything, 12.5% GST, over governance and too many councils charging unjustified rate increases.
Johny Howard last year, for the first time in decades, was able to lower the tax rates and increase the bracket thresholds. I would have been much better off there then (and now). (If you vote him out now after the 10 years steady growth, through many a world & local crisis, you'd be fools and may as well head to one of the many countries listed above!)
Johny Howard last year, for the first time in decades, was able to lower the tax rates and increase the bracket thresholds. I would have been much better off there then (and now). (If you vote him out now after the 10 years steady growth, through many a world & local crisis, you'd be fools and may as well head to one of the many countries listed above!)
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Yep Stay away from the USD.
Its going down the toilet big time
I cant believe these asian carriers still quote wages in a continually depreciating currency. More interest rate cuts will cause it to spiral even further
Euro or Swiss Franc is the only way to go
Its going down the toilet big time
I cant believe these asian carriers still quote wages in a continually depreciating currency. More interest rate cuts will cause it to spiral even further
Euro or Swiss Franc is the only way to go
