By Global Tax Weekly

Vietnam seems to be coming to terms with Uber in a way which will allow tax to be collected on its operations while legacy taxi firms receive some benefit from the revenues they are losing. I’m not quite sure whether this deserves approbation or censure. As with other mold-breaking Internet-based developments, entrenched monopolies, whether they be established taxi firms or central banks, are threatened by such new phenomena, which work outside conventional legal and tax structures, to the benefit of consumers and individuals. Reacting by banning or taxing them is not pro-consumer, and to that extent, Vietnam’s efforts to muzzle Uber’s operations even before it gets off the ground in the country are reprehensible.

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