Governments ought to launch a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could yield $250.
Vietnam needs to fully and comprehensively assess the impacts of the global minimum tax on the country, said Minister of Finance Ho Duc Phoc on April 18.
As the global minimum tax will be widely implemented, competition for foreign direct investment will become more dependent on the quality and services given to investors.
At least 1,015 foreign direct investment (FDI) enterprises will be affected by the global minimum corporate tax when this policy comes into force early next year.