Padang, W Sumatra (Antara Bali) - The governments tax amnesty policy is a good strategy to trigger massive capital inflow into Indonesia, according to Elfindri, an economic observer at Andalas University (Unand) in West Sumatra.
"It is merely a strategy to prompt more capital inflow from abroad to Indonesia. How else those who keep their money abroad can be taxed?" Elfindri remarked here on Tuesday.
According to him, the tax amnesty program launched by the government was indeed good but complicated when it comes to implementation as it will need hordes of tax personnel.
"The capacity of the tax personnel to carry out this plan is not known so far," he emphasized.
He also noted that there should be a deadline for Indonesian citizens stashing their money abroad, even in tax havens, to bring the same back to the country.
Earlier, President Joko Widodo (Jokowi) had argued that the tax amnesty program was to encourage economic development in the country.
"The aim is to ensure that the tax amnesty benefits our common interests, the nation and the people, and does not merely serve the interests of any company, individual or group," he explained.(WDY)
Related News
President Optimistic of Capital Inflow Increase in 2018
Wednesday, 5 Juli 2017 9:28
International Confidence to Boost Capital Inflow: President
Friday, 9 Juni 2017 11:27
Bank Indonesia on Alert for Possible Capital Outflow
Friday, 8 Mei 2015 8:21
Minister Reminds Taxpayers To Take Part In Tax Amnesty Program
Wednesday, 1 Maret 2017 8:52
Keep Watch For Us Tax Amnesty Plan: BKPM
Friday, 18 November 2016 8:40
Indonesia To Gain From Tax Amnesty Law In Long Term: Expert
Wednesday, 9 November 2016 12:01
KSPI Condemns Govt's Legal Stand On Tax Amnesty Law
Wednesday, 21 September 2016 10:03
Law On Tax Amnesty Benefits People: Minister
Wednesday, 21 September 2016 9:54
Tax Amnesty Adopted Effectively In 37 Other Countries
Friday, 2 September 2016 7:47
Tax Amnesty Not Only for Conglomerates: Jokowi
Tuesday, 2 Agustus 2016 7:48
Bank Mandiri Offers Investment Products To Mobilize Repatriated Funds
Monday, 1 Agustus 2016 14:43
Market Reacts Positively To Tax Amnesty Policy
Thursday, 28 Juli 2016 15:02