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Indonesia Considers Cutting Corporate Tax

Indonesia Considers Cutting Corporate Tax

President Joko Widodo is contemplating reducing Indonesia’s corporate tax rate to make the country more competitive and discourage local companies from parking their money overseas.

“The government is deciding to cut the corporate tax at once or gradually reduce it from 25% to 20% and then to 17%.”

~ Wall Street Journal

Mr Widodo said that the government is deciding to cut the corporate tax at once or gradually reduce it from 25% to 20% and then to 17%, according to the cabinet secretariat’s website. The government is studying the chances of making one of their islands a tax haven, where a minimal tax would be imposed on individuals and companies.

Related Reports: Wall Street Journal, Reuters

 


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