Sep. 12 at 2:27 AM
$INTC Vietnam to exempt Mitsubishi, Kepco, other coal power plant operators from global tax, document shows....... Finance ministry proposes to ease exemptions for other big firms
Immediate waivers to cut tax revenues by at least
$425 million
Investment-reliant Hanoi fears reputation impact from global tax
Global top-up tax of 15% is meant to reduce tax avoidance
By Francesco Guarascio and Khanh Vu
HANOI, Sept 12 (Reuters) - Vietnam plans to exempt coal power plant operators from a global tax and wants to ease the granting of waivers to other big firms, effectively forfeiting hundreds of millions of dollars to reassure foreign investors, a document seen by Reuters shows.
The Southeast Asian nation acts as an industrial hub for multinationals, but U.S. 20% duties on its exports, higher taxes on big companies and power supply problems have recently reduced its appeal.
The proposal from the finance ministry, dated September 7 and still subject to changes, would "ensure a stabl
