WHO urges higher taxes on alcohol and sugar-sweetened beverages globally to promote healthier behaviors and reduce deaths. Excise taxes and minimum pricing recommended
The introduction of a global minimum corporate tax on the foreign profits of multinational corporations will affect Vietnam’s own tax plans. Annett Perschmann-Taubert, tax partner at PwC Vietnam, discussed with VIR’s Luu Huong the current tax landscape and how policies should be reformed in order to maintain momentum.
The deal aims to stop large firms booking profits in low-tax nations regardless of where their clients are, an issue that has become ever more pressing with the growth of 'Big Tech' giants that can easily do business across borders.
A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.