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View all search resultsMaria Ressa, a journalist who runs a Philippine news website known for its tough scrutiny of President Rodrigo Duterte, pleaded not guilty on Wednesday to tax evasion charges, saying the case was politically motivated to harass and intimidate.
The government has been in a long battle to tax foreign digital companies such as Google, Facebook, Twitter and Netflix, which base their businesses in countries with low tax tariffs and profit from domestic consumers. Such a practice leads to unfair tax treatments, particularly for domestic businesses.
Indonesia plans to use data from the international Automatic Exchange of Information (AEOI) system to nab tax evaders hiding undeclared income and assets in overseas tax havens. But in the process, experts warn, the country may deter much-needed foreign direct investment.
The reaching of a consensus could deal a major blow to multinational companies, such as Facebook and Google, among others, that avoid taxes by registering their profits in countries with low tax rates while also challenging countries that use low tax rates to attract foreign investment.
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