Vietnam tax authorities come under fire for naming, shaming defaulters
Tax offices in Hanoi and Ho Chi Minh City have released lists of hundreds of businesses with huge overdue taxes in an effort to shame them into paying the money. They also threatened to block bank accounts or invalidate invoices of businesses that fail to pay up and hand over their cases to the police.
The move, a part of the Ministry of Finance’s efforts to reduce back taxes estimated at VND72 trillion (US$3.24 billion) currently, seems effective so far with some businesses reportedly scrambling to pay.
However, the move has caused resentment among many companies and annoyed economists.
