Business groups are critical of Vietnam\u2019s financial support plan to soften the impact of the global minimum tax on multinationals, saying it\u2019s too vague and narrow in scope, with only large projects able to meet its eligibility conditions.The government is considering direct cash supports for investment costs of creating fixed assets and for social infrastructure systems. It\u2019s also planning support for costs related to training and development, and production of high-tech products.The plan doesn\u2019t clearly define what \u201chigh-tech\u201d encompasses in the context of the new law, according to Leif Schneider, co-chair of the legal sector committee at the …<\/p>\n","protected":false},"excerpt":{"rendered":"
Business groups in Vietnam are criticizing the government’s financial support plan to mitigate the effects of the global minimum tax on multinationals, calling it vague and limited to large projects. The plan includes direct cash support for investment costs, social infrastructure systems, training and development, and production of high-tech products. However, the definition of “high-tech” under the new law is unclear.<\/p>\n","protected":false},"author":6,"featured_media":9748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[186,6916,1512,5702,5732,2511,3818,8002,4231,415,7905,6861,6403,2753,5679,4304,8003,7320,5402,1358,1065,1731,3606],"class_list":["post-9747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-business","tag-business-groups","tag-cash","tag-committee","tag-conditions","tag-costs","tag-development","tag-financial-support-plan","tag-global-minimum-tax","tag-government","tag-impact","tag-incentives","tag-infrastructure","tag-investment","tag-law","tag-minimum-tax","tag-multinationals","tag-products","tag-projects","tag-support","tag-tax","tag-training","tag-vietnam"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n