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View all search resultsToo much politics, especially in an election year as we are in right now, could distort economic policies. This is the risk we see in incumbent President Joko “Jokowi” Widodo’s obsession with his policy recommendation for a lower corporate income tax, which he has been promoting apparently in a bid to gain votes from businesspeople.
Stephen Hawking once said that “intelligence is the ability to adapt to change”. Today, we’re facing a new era of disruption in digital technology. The internet, as the most remarkable milestone of the Third Industrial Revolution, has driven efficiency in our tax administration system.
Indonesian presidential candidate Prabowo Subianto will slash corporate and personal income taxes if he comes to power, part of a plan to compete with low-tax neighbors like Singapore in luring more investment to Southeast Asia’s biggest economy.
Finance Minister Sri Mulyani Indrawati has said the government will consider several scenarios in determining its 2019 tax revenue target while adhering to its commitment to maintaining a conducive investment climate and pushing for tax reform.
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