Despite huge revenues, Facebook and Google pay tiny tax in VietnamDespite making billions of dollars in revenue, two giant technology brands Facebook and Google only paid miniscule taxes to the Vietnamese government. Google’s first quarter revenue increased by 26 per cent, equaling $31 billion, including $26.6 billion in revenue from advertisements. It seems that both Facebook and Google keep purposely forgetting their tax obligations in Vietnam. For instance, Google has employees in Vietnam, but maintains its representative office in Singapore, so they do not have to pay corporate income or personal income tax in Vietnam or social insurance for their employees in Vietnam. Facebook and Google commonly use international credit cards to pay tax, causing difficulties for Vietnamese tax authorities to control and identify tax payers.

Source: VietNamNet News May 02, 2018 05:26 UTC