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Korean Air

Old 9th Oct 2019, 20:32
  #21 (permalink)  
 
Join Date: Oct 2006
Location: Over the Pacific mostly
Posts: 979
Originally Posted by Emma Royds View Post
I beg to differ.

If you legally do not meet the residency criteria for tax purposes in countries that you have a home in, then where does your tax liability lie?

Many have fallen into financial ruin due to penalties accumulated from Tax liabilities. Do yourself a favor and consult with a Tax lawyer that specializes in foreign earned income. Itís the best money you will ever spend.

Death and Taxes, the only two things there is NO escape from.
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Old 9th Oct 2019, 22:41
  #22 (permalink)  
 
Join Date: Jun 2011
Location: hang on let me check
Posts: 479
Originally Posted by Emma Royds View Post
I beg to differ.

If you legally do not meet the residency criteria for tax purposes in countries that you have a home in, then where does your tax liability lie?

Where your interests/family are. Now, where you decide to put your interests, especially if you have no family, thatís another story and I would definitely choose some places over some others.
bringbackthe80s is online now  
Old 10th Oct 2019, 09:30
  #23 (permalink)  
 
Join Date: Jun 2012
Location: Doctor's waiting room
Posts: 590
Originally Posted by bringbackthe80s View Post


Where your interests/family are. Now, where you decide to put your interests, especially if you have no family, thatís another story and I would definitely choose some places over some others.
With not all countries using family and interest ties as criteria that solely dictate your tax residency status, it's not always going to be as clear cut as that. As a contract pilot, one is no different to a business with interests in different countries that use the 'benefits' of the tax legislation in different countries and combine them to create the most tax-efficient environment for them.

With the KAL contract, it will be far easier if you can base yourself in a country that will not require any tax under the double tax agreement in place. However, if this is not possible then I can vouch that after many hours of research with some professional help too, you can base yourself in Europe with no tax liability on the KAL contract. We are of course, all individuals with different circumstances.
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Old 12th Oct 2019, 17:21
  #24 (permalink)  
 
Join Date: Jun 2010
Location: LANTAU island
Posts: 11
?

is it worth it going to Korean air as a type rated FO?
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Old 12th Oct 2019, 22:47
  #25 (permalink)  
 
Join Date: Feb 2019
Location: Entoure
Posts: 6
Wagon007, it s only worth applying as an FO if you understand and are happy for KAL to never give you a command.
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