Big tech suggests Vietnam rewrite its digital tax plans

Big Tech’s Asian lobby group, The Asia Internet Coalition, has issued a statement calling for Vietnam to consult on the impact of its proposed tax laws and then rewrite them. In 2019, Vietnam passed new tax laws that required global digital businesses to pay tax on income made within the nation’s borders even if the business …

[Potemkine!]

A message from the IT industry

Come on Vietnam! If you expect we delocalize our IT sweatshops from India to your country you have to be more accommodating than this

[alain williams]

Double taxation

Maybe these digital businesses should campaign to get tax relief where they are already, supposedly, taxed.

I suspect the USA government will next threaten 25% tax on imports from Vietnam.

[Wolfclaw]

waits for sweaty brown envelopes to exchange hands and for it be delayed or forgotten about.

[Dan 55]

Flex their RCEPs

It should be fairly easy for Asian countries to tell US big tech where to go if they club together. Australia already told them where to go.

[Rol]

Google et al, are relying heavily on America's ability to threaten nuclear retaliation on the rest of the world if they fail to agree on a universal 0.00001% digital tax.

This is of course American democracy at its finest and ISIS can only seethe at how effortlessly America wields this shitty stick at everyone, while maintaining it is the greatest democracy in the multiverse.

[cantankerous swineherd]

what are amazon et al going to do, start bombing them?

[Anonymous Coward]

It worked so well the last time. Maybe they could follow up with shipping them mass quantities of leaking Agent Orange packages.

[John Brown (no body)]

Maybe they should tax exports of currency?

No matter how you pay for goods, at some stage either physical cash has to cross a border or resident bank has to transfer the money over a border. Maybe they should be looking at taxing that instead?

Any FinTech people here who could comment on that? Personally, I have no clue other than knowing it's hard to work out what to do.