Indonesia May Tax The Rich, Top Polluters for More Revenue (1)

May 25, 2021, 10:53 AM

Indonesia is seeking to cast a wider net to tax more high-income individuals and top polluters to replenish state coffers.

The finance ministry presented the proposals, which could be part of key reforms this year, to a parliamentary commission this week. The government needs to collect more revenue to sustain spending while keeping its vow to bring the budget deficit back to within the legal limit of 3% of gross domestic product by 2023, from 6% last year.

“The goal of this tax reform is not just revenue collection but the sustainability of the state budget,” Finance Minister Sri Mulyani ...

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