Indonesians to Gain From Tax Amnesty
World Economy

Indonesians to Gain From Tax Amnesty

Chairman of Commission XI of Indonesia’s House of Representatives overseeing financial affairs, Ahmadi Noor Supit, on Saturday said that if the bill on tax amnesty is passed, it will bring many economic advantages.
He added that both the government and the people of Indonesia who keep their assets abroad, will benefit, NewsNow reported.
Ahmadi went on to say that the benefits include increased foreign exchange and the government can know exactly the incomes that Indonesians will get so that the government can get accurate tax data.
“Indonesian nationals who bring their money to the country will receive interest,” he added.
Ahmadi hopes that Indonesian citizens who are currently keeping their assets abroad can also invest in various fields, such as infrastructure.
In the meantime, DPR Speaker Ade Komaruddin said that he wants to accelerate the process of deliberating and passing the bill. Ade also said that the tax amnesty bill is a priority.
Regarding the possibilities that a number of fractions which do not agree with the bill, Ade said that it cannot be concluded yet.
Meanwhile, Indonesian Industry Minister Saleh Husin believes that Indonesia is able to become an automotive hub of the world.
He said that Indonesia should not only become a marketing country but should also become a producer of cars and motorcycles that is export-oriented.
Saleh asked automotive companies to build more machine and component factories, instead of just building assembly plants.
Based on the data from the industry ministry, the selling volume of cars in 2015 reached 1.1 million units and the figure is expected to rise as the national economy improves.


Short URL : http://goo.gl/gKgMrw
  1. http://goo.gl/XHAHzz
  • http://goo.gl/zVkCZh
  • http://goo.gl/h8YA1u
  • http://goo.gl/hwjmbj
  • http://goo.gl/Y6iBXD

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
Bankruptcy Soars Among Elderly in United States
A growing number of retirees in the US are filing for...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...