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In the second quarter The Nghia in the northern province of Vinh Phuc invested US$20 to buy nearly 100 Dogecoins, a cryptocurrency that has overwhelmed the Internet this year. "I bought the coins because everyone was buying it". As his investment doubled after billionaire Elon Musk spoke about the coin on Twitter, Nghia bought more of it and several other similar meme coins such as Shiba Inu and Rici Elon, hoping to make a giant profit from a small investment. "If only one of these coins increases 10-fold, the profit will exceed the investment in the rest of them," he said. On Facebook groups, Nghia and thousands of other Vietnamese discuss meme coins daily as they hope to make a killing though the risk of loss is commensurately high. Meme coins are cryptocurrencies that originated from an Internet meme or have some other humorous characteristic. Dogecoin, released in 2013 after being created as a joke by software engineers, is the original meme coin which sparked the …

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Experts say that the tax potential of enterprises operating across borders is quite large.— Photo thanhnien.vn HÀ NỘI — Tax revenue from cross-border e-commerce activities reached more than VNĐ1 trillion (US$43.5 million) in the first nine months of this year. The General Department of Taxation said about 14 large corporations and technology companies in the world and eight cross-border e-commerce websites operating with income in Việt Nam fulfilled their tax obligations through Vietnamese organisations and individuals. Tax revenue from Vietnamese organisations that have signed online advertising contracts with foreign organisations that have not established legal entities in Việt Nam such as Google, Youtube or Facebook was estimated at VNĐ4.1 trillion from 2018 to the end of September this year. Of which, Facebook paid VNĐ1.56 trillion; Google VNĐ1.53 trillion; and Microsoft VNĐ533 billion. Tax revenue from cross-border e-commerce activities reached about VNĐ1.14 …

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