New finance minister a boon for Indonesia's tax plan

Jakarta

INDONESIA'S new finance minister spells good news for a tax amnesty plan that's a key component of President Joko Widodo's ambitious economic programme.

Sri Mulyani Indrawati, 53, returns to a post she held between 2005 and 2010 when she restructured the tax office and cleaned up practices that encouraged corruption. She will need to draw on that experience to ensure the success of a tax initiative that the central bank estimates will deliver 560 trillion rupiah (S$58 billion) of inflows as individuals repatriate assets held abroad.