World News
Vietnam eyes multi million dollar handouts to Samsung
Samsung and other foreign companies are pushing Vietnam to introduce a multimillion-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules, a source involved in the talks said.
Samsung and other foreign companies are pushing Vietnam to introduce a multimillion-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules, a source involved in the talks said.
The discussions precede the introduction from January of a minimum tax rate of 15% for large multinationals under a landmark global reform led by the Organization for Economic Cooperation and Development (OECD).
Vietnam has committed to complying with the OECD rule, effectively raising the tax rate to 15% for many of the multinationals operating in the country and who are currently taxed at a much lower rate thanks to various sweeteners.
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