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View all search resultsEight months into Prabowo Subianto’s presidency, analysts and observers have noted Jakarta’s increasingly active stance on the international stage, with the new leader having conducted a flurry of engagements. Yet, questions remain about Indonesia’s diplomatic strategy.
The global minimum tax aims to prevent a race to the bottom where countries outdo one another by lowering taxes for multinational companies, but it means Indonesia must rely on other incentives to lure investors. However, the effectiveness of the arrangement is in doubt after United States President Donald Trump declared it “has no force or effect” in the US.