Euphemisms substitute socially sensitive expressions, often softening or reframing meaning, and their reliance on cultural and pragmatic context complicates modeling across languages. In this study, we investigate how cross-lingual equivalence influences transfer in multilingual euphemism detection. We categorize Potentially Euphemistic Terms (PETs) in Turkish and English into Overlapping (OPETs) and Non-Overlapping (NOPETs) subsets based on their functional, pragmatic, and semantic alignment. Our findings reveal a transfer asymmetry: semantic overlap is insufficient to guarantee positive transfer, particularly in low-resource Turkish-to-English direction, where performance can degrade even for overlapping euphemisms, and in some cases, improve under NOPET-based training. Differences in label distribution help explain these counterintuitive results. Category-level analysis suggests that transfer may be influenced by domain-specific alignment, though evidence is limited by sparsity.