NA fear tax levy might legalise corrupted moneyVietNamNet Bridge – The National Assembly debate on the draft amendment to the anti-corruption law on Thursday was thrown into confusion as the deputies failed to agree on how to handle the suspicious unreported wealth of a public servant. In the first scenario, the officer who is found to have misreported his wealth will have to pay 45 per cent income tax on the total unreported earnings. The other solution includes no tax charge, but only an administrative fine for the incorrect declaration of assets. “If it is necessary to pay 45 per cent income tax on the unreported wealth, what would become of the remaining 55 per cent? Nghia suggested another new solution which was literally a combination of those existing two in the draft law.

Source: VietNamNet News June 01, 2018 08:26 UTC