{"id":110063,"date":"2020-11-11T16:09:43","date_gmt":"2020-11-11T13:09:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/netflix-says-ready-to-pay-tax-after-vietnam-complaint\/"},"modified":"2020-11-11T16:09:43","modified_gmt":"2020-11-11T13:09:43","slug":"netflix-says-ready-to-pay-tax-after-vietnam-complaint","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/netflix-says-ready-to-pay-tax-after-vietnam-complaint\/","title":{"rendered":"#Netflix says ready to pay tax after Vietnam complaint"},"content":{"rendered":"

“#Netflix says ready to pay tax after Vietnam complaint<\/strong>”<\/p>\n

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\"Netflix
\n Netflix insisted it was prepared to pay tax in Vietnam after a government minister accused the streaming giant of dodging its obligations
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Netflix insisted Wednesday it was prepared to pay tax in Vietnam after a government minister accused the streaming giant of dodging its obligations to the communist nation.<\/p>\n

The information minister this week singled out Netflix and newcomer App<\/a>le TV for not paying tax, saying foreign platforms earn an estimated $44 million a year in revenues from a skyrocketing subscriber base across Vietnam.<\/p>\n

“Some cross-border platforms have neither paid taxes nor operated in accordance with the laws, creating unfair competition,” Nguyen Manh Hung told Vietnam’s national assembly Tuesday.<\/p>\n

But a Netflix spokesperson told AFP the company complies with relevant Vietnamese laws and is in talks with authorities on the issue. <\/p>\n

“We are supportive of the implementation of a mechanism that will make it possible for foreign service providers like Netflix to collect and remit taxes in Vietnam,” they said in a statement. <\/p>\n

“However today such a mechanism does not exist.”<\/p>\n

The streaming juggernaut’s entry into Southeast Asia has had a major impact on viewing habits. <\/p>\n

The massive popularity of the service has pushed Netflix to invest in locally produced shows and films, such as Vietnamese martial arts movie “Furie”. <\/p>\n

The minister’s criticism against Netflix also focused on its content.<\/p>\n

Hung said some of its shows feature “violence, use of drugs and pornography”\u2014violating censorship laws that govern Vietnam’s tightly controlled film industry. <\/p>\n

He also specifically singled out a Vietnam War documentary for its “wrong reflection of history”. <\/p>\n

Separately, in 2017 Netflix removed the Stanley Kubrick classic “Full Metal Jacket” from its catalogue after a request from the government. <\/p>\n

Vietnam is hoping to build a reputation as a Southeast Asian hub for fintech, but is hampered by draconian laws governing media<\/a> and digital spaces. <\/p>\n

Netflix’s run-in with the Vietnamese authorities comes amid growing concern in countries around the world about taxes paid\u2014or not\u2014by US tech giants. <\/p>\n

Amazon, Google and Facebook have all come under fire for paying seemingly negligible tax on huge revenues.<\/p>\n

Earlier this month, Spain said it is preparing legislation that would impose a five percent tax on platforms such Netflix, with the aim of using the funds to boost domestic film production.<\/p>\n

Apple has not yet responded to a request for comment.\n <\/p>\n\n

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Netflix shares rise as it lifts prices on US subscriptions\n <\/p><\/div>\n

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\n \u00a9 2020 AFP<\/p>\n

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\n Netflix says ready to pay tax after Vietnam complaint (2020, November 11)
\n retrieved 11 November 2020
\n from https:\/\/techxplore.com\/news<\/a>\/2020-11-netflix-ready-tax-vietnam-complaint.html<\/p>\n

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