The IRS does not allow a household employer to classify a domestic worker as an independent contractor when the employer sets the hours and duties. The nanny tax can be legally avoided by hiring someone through an agency that carries the nanny or employee on its books as an employee. Parents that hire babysitters for their children are also required to pay the nanny tax if they exceed the $2,000 wage threshold for any one sitter. Employers of household workers can offer benefits such as parking, public transportation, college tuition and health insurance as non-taxable compensation.
Vietnam is a member of the ASEAN Free Trade Area (AFTA), the Asia-Pacific Economic Community (APEC) and the ASEAN - Europe Meeting (ASEM); has signed a trade agreement with the United States; and is negotiating for accession to the World Trade Organization (WTO).
To date, Vietnam is technically still a communist country having one-party rule, that is the Communist Party of Vietnam, under Marxist-Leninist governance. In fact, Vietnam is among five remaining communist countries today, together with China, Laos, Cuba and, to a large extent, North Korea. However, like other communist countries, Vietnam has to adopt some capitalist principles to survive. As a matter of fact, Vietnam, since implementing a series of free-market reforms in mid-1980s, has now become one of the worldâs fastest growing economies and has set its sights on becoming a modern and industrialized nation by 2020. History