Hiep left Vietnam for Russia on July 15, 2018. An unidentified man then called Tham and said Hiep had made it to Germany around two weeks later. Tham then went to Hiep’s family to collect the money. His mother gave Tham $15,500 and VND8 million ($342). Tham transferred the $15,500 to the broker, and kept VND8 million for herself. … [Read more...] about Vietnamese woman jailed over man’s death in UK truck tragedy
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Asanzo is a typical example of the establishment of several associated enterprises to trade with each other to evade taxes then disappear. However, as it has not been punished strictly, this trick has been spreading more and more widely. A common method of transfer pricing of many multinational companies is to set up a parent company in a country or territory with a low corporate income tax rate, then purchase and sell goods, services and input materials with its subsidiaries in Vietnam with high prices. High input material prices, many enterprises also find ways to increase other expenses, such as advertising and promotional costs to report no profits in Vietnam in order not to pay taxes. Many foreign direct investment (FDI) enterprises often declare unusually high input costs. For instance, Coca Cola declared that the prices of input flavorings imported from the parent company were higher than those of the domestic beverage companies, and boosted advertising expenses so for nearly … [Read more...] about Transfer pricing widespread in domestic associated companies
British scientists initially thought two-thirds of cases coming from abroad were going undetected, but the latest data suggests the number was nearer 90 percent AFP/Tolga AKMEN Here are some of the reasons offered to account for Europe's heaviest official toll. … [Read more...] about Why does UK have Europe’s highest official coronavirus toll?
With Shire Oak International, I wanted to take what we had learned to developing countries, where a lack of renewable energy developers and the high cost of capital for renewable energy projects is a barrier to growth. So far, we have established operations in Zimbabwe, Uganda, Colombia, Iraq and, of course, Vietnam. … [Read more...] about UK firm gets charged up over solar energy potential in Vietnam
Ministry considers allowing bets via e-wallets, telecommunications accounts The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or mobile accounts. … [Read more...] about How will mobile money affect e-wallets?