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taxation

Editorial 1 year ago

Focus on revenue reform

We fail to understand how a new revenue agency or ministry would do anything better.

Regulations 1 year ago

PREMIUM
Tax amnesty hailed as alternative to VAT hike

A lawmaker has defended a new tax amnesty as a way to make up for lower-than-planned state revenue from value added tax (VAT), given that a VAT hike initially meant to take effect on Jan. 1 will probably be pushed back.

Americas 1 year ago

G20 pledges to work together to tax ultra-rich

The United States and Germany dismissed the need for a global deal on taxing billionaires, an initiative which is backed by France, Spain, South Africa, Colombia and the African Union.

Tech 1 year ago

Digital tax talks in G20 spotlight as US tariff threat looms

Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.

Regulations 2 years ago

PREMIUM
VAT hike ‘could backfire’, posing threat for state revenue

The plan to quickly generate additional income for the state comes at the wrong time and alternative revenue streams should be considered instead, experts say.

Regulations 2 years ago

Bali’s tourist tax comes into force

The province began imposing a 150,000-rupiah tax on arriving tourists Wednesday to preserve the culture of the island, officials said.

Presidential Race 2 years ago

Ganjar-Mahfud to refrain from tax hike if elected

Indonesia’s tax ratio currently stands at around 10.5 percent and covers 82 percent of state expenditure, vice presidential candidate Mahfud MD noted, underscoring the need for greater tax returns.

Presidential Race 2 years ago

Prabowo, Gibran would consider taxing SMEs to boost state revenue

A campaign representative said the candidates’ policies could increase the national taxation ratio to 18 percent by 2029.

Politics 2 years ago

PREMIUM
Sri Mulyani jets off to the US amid tax office scandal

Finance Minister Sri Mulyani is attending the International Monetary Fund and World Bank (IMF-WB) annual spring meetings, amidst a brewing scandal that has dealt a blow to the ministry’s erstwhile stellar reputation.

Asia & Pacific 3 years ago

Australia to limit tax breaks on multi-million dollar retirement savings

The decision comes just days after the centre-left Labor government launched a consultation on reforming superannuation - retirement funds - saying it wanted the country's pension system to become sustainable and equitable.

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