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Tax Reform in Vietnam Tackles Side-Effect of Globalization

May 3, 2017

In recent decades, Vietnam has seen a surge of foreign investment, but also increasing complexity in its tax base. Multinational corporations shift profits to low-tax countries, a practice that deprives the government of tax revenue for essential public services. With the help of the World Bank, the OECD and others, Vietnam is modernizing its tax code and training tax officials to better capture revenues.