Reneging an offer : Tax implications on sign on bonus already received
Aug 22, 2018
23 Comments
Got an offer from Barclays and they paid 10000$ (pre tax, I actually received approx 7000).
But I am now going to decline the accepted offer. My offer letter had mentioned that I need to return pre-tax money.
So will I be able to get the difference back or it will be a loss for no reason?
comments
People who reneg are the reason society is the way it is.
I agree that reneging at a small startup might really hurt them, but at a company like Barclay, I guarantee it happens both ways very often.