SUBSCRIBERS
Indonesia to review tax treaties
Published Fri, Nov 21, 2014 · 09:50 PM
Jakarta
INDONESIA will review its tax treaties with dozens of countries and may suspend those that it concludes are being abused for tax avoidance, as the government looks to significantly boost revenue, the finance minister said on Friday.
President Joko Widodo, who took office last month, believes that South-east Asia's biggest economy is only collecting half of the taxes it should be and is pressuring tax collectors to do more.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons