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bobbybigfoot
Joined: 05 May 2007
Location: Seoul
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 Posted: Mon May 14, 2007 12:02 pm Post subject: Paying tax on flight tickets? |
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I just read for the first time that one company YBM Education says they will include cost of plane ticket to Korea on first month's salary, and tax accordingly.
This is news to me. Ever heard of this before? Is this another way to scam $100 in tax?
Anyone have feedback on YBM? |
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willneverteachagain
Joined: 17 Dec 2006
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| Posted: Mon May 14, 2007 1:36 pm Post subject: |
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| they arent allowed to do this, the flight IS NOT INCOME |
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bobbybigfoot
Joined: 05 May 2007
Location: Seoul
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| Posted: Mon May 14, 2007 3:03 pm Post subject: |
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| But is it a "taxable benefit?" |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon May 14, 2007 3:53 pm Post subject: |
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| bobbybigfoot wrote: |
| But is it a "taxable benefit?" |
No such animal in Korean tax law. You're not in Canada now toto.
Their thinking is if you get paid in cash (reimbursement) then they get to keep the tax money from it. It is a scam.
Make them prepay the ticket and DON'T pay tax on it. Same with housing. |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Mon May 14, 2007 4:42 pm Post subject: |
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| ttompatz wrote: |
| bobbybigfoot wrote: |
| But is it a "taxable benefit?" |
No such animal in Korean tax law. You're not in Canada now toto.
Their thinking is if you get paid in cash (reimbursement) then they get to keep the tax money from it. It is a scam.
Make them prepay the ticket and DON'T pay tax on it. Same with housing. |
It just amazes me how many million different ways that they can screw you. It's not a lot of money, but they'll just nickel and dime you to death.
I wish I was that creative...  |
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bobbybigfoot
Joined: 05 May 2007
Location: Seoul
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| Posted: Mon May 14, 2007 4:50 pm Post subject: |
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so is it fair to say that if this company will post this sample contract on their web, that they are basically telling you what kind of company they are, so just avoid them from the start.
Why negotiate with a conman? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon May 14, 2007 4:53 pm Post subject: |
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| bobbybigfoot wrote: |
Why negotiate with a conman? |
You're slow but you do learn.  |
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bobbybigfoot
Joined: 05 May 2007
Location: Seoul
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| Posted: Mon May 14, 2007 5:46 pm Post subject: |
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| ttompatz wrote: |
| You're slow but you do learn. |
Nicely put Tom...  |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Mon May 14, 2007 9:35 pm Post subject: |
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| ttompatz wrote: |
| bobbybigfoot wrote: |
| But is it a "taxable benefit?" |
No such animal in Korean tax law. You're not in Canada now toto. |
I had my initial doubts about that statement but then I realized I pay income tax on my money earned, there's no additional tax taken off for the fair value of my apartment. That would certainly be a taxable benefit. |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Tue May 15, 2007 6:49 pm Post subject: |
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mindmetoo.....Shhhh. Be vewwy quiet. It's teacha hunting season.
Elmer Fudd |
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The Bobster
Joined: 15 Jan 2003
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| Posted: Tue May 15, 2007 8:58 pm Post subject: |
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| What's next? When the boss takes the staff out for dinner, am I taxed for my share of the bill of the food he paid (and practically required) me to eat ... ? |
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