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The 15% tax on profits, which was approved by 136 countries in 2021, is considered the deepest overhaul of cross-border tax rules in decades. The purpose of the overhaul is to ensure that tech giants such as Apple and Google will not have an unfair advantage by booking their profits in low-tax countries such as Ireland. The tax applies to multinationals with total revenues of at least EUR750 million ($819 million) in two of the preceding four years. This means that a company that invests in a foreign country will have be taxed by that country by at least 15%. Vietnam, along with the United Kingdom, Japan, South Korea, and the E.U. plan to start collecting the tax next year. It is estimated that 100 multinationals will be affected by the tax, which is expected to yield an extra $220 billions in tax income globally. Nguyen Thi Thu Huyen, deputy director of publicity at Canon Vietnam, said that tax incentive is one of the key factors for the company to maintain its large-scale … [Read more...] about New global tax to diminish Vietnam’s FDI attractiveness

In an interview with HEC Liege University Vietnam, he said: "How will you be able to know which data is useful and reliable in the world with so much data being generated? That's very challenging." With over 100 published academic articles and papers, Dr. Chen has also guided his students in conducting various Big Data projects for companies, showcasing his commitment to both research and teaching. "As you have too much data now, and not every data will be useful, you now have to learn how to clean the data. ‘Clean’ means filtering data, improving the quality of data, and making sure the data is useful. "Once you identify data by cleaning it up and making it useful, you can process the data and generate some new data, such as a business insight to help them make decisions." He gave examples of using Big data to help a cafeteria decide what kind of food to serve customers to maximize profit. He taught students how to use Big data to help a trucking company make recommendations … [Read more...] about With surfeit of data, businesses need to separate wheat from chaff

Meanwhile, Group B includes China, Myanmar, Nepal, and Chinese Taipei. In the round, set for June 3-11, 2023, the teams will play in a round-robin format, with the winners and runners-up from each group qualifying for the AFC U20 Women’s Asian Cup Uzbekistan 2024 Finals. They will be joined by the three highest-seeded teams from the AFC U19 Women’s Championship Thailand 2019 – Japan, the Democratic People's Republic of Korea, the Republic of Korea, and the hosts Uzbekistan. Coach Akira Ijiri said Vietnam's rivals are very strong, and the coaching panel plans to improve the defense on the basis of lessons drawn from the first qualifying round. Australia are said to be clearly superior in the group and highly likely to win a ticket to the next round, leaving the competition for the second to the competition among Vietnam, Iran and Lebanon. Vietnam will play Iran and then Lebanon before facing Australia. Source: VNA … [Read more...] about Vietnam to play Australia, Iran, Lebanon in U20 Woman’s Asian Cup 2024