Indonesia Finance Ministry says will consider another tax amnesty

JAKARTA - Indonesia might again offer a tax amnesty but it is aware of shortcomings of the one launched in 2016, media quoted Finance Minister Sri Mulyani Indrawati as saying on Friday .

Jakarta's amnesty was regarded as among the world's most successful due to the size of assets declared and the revenue generated, but some also criticised it for failing to significantly widen Indonesia's narrow tax base. Media outlets said when asked at a forum about a repeat of the tax amnesty, Ms Indrawati said it's possible, though she also said she feared a second one might encourage more tax avoidance.

The Organisation for Economic Cooperation and Development , in a report earlier this year, said Indonesia has the lowest tax-to-GDP ratio in Asia-Pacific.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong's latest protest sees finance employees staging a flash mobHONG KONG (BLOOMBERG) - Hong Kong finance staffers gathered in the city's central business district on Thursday (Aug 1) after work for a 'flash mob' protest, the latest demonstration in a movement that's grown increasingly creative in the face of deepening unrest.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »