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Jakarta Post

Super tax deduction welcomed

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Fri, July 12 2019   /  12:42 am

Analysts and manufacturing industry players have lauded the long-waited fiscal incentives issued by President Joko “Jokowi” Widodo.They agreed that the so-called super tax deduction would significantly help businesses revive their prospects and improve the skills of the country’s labor force. However, businesses also need the government’s help to provide affordable loans and market access, as well as technology to enable them to compete.“They should consider coming up with policies to address these other issues, because focusing only on tax deduction could put a heavy burden on the country’s tax revenues in the long run. If they put their focus only on this, the effects of reduced tax revenue could weigh more heavily than the benefits,” Center of Reform on Economics (CORE) Indonesia executive director Mohammad Faisal told The Jakarta Post on WednesdayAdditionally, he remind...