SUBSCRIBERS

Indonesia looks beyond tax amnesty to taxpayer trust

Published Sun, Nov 27, 2016 · 09:50 PM

Jakarta

IT MAY be the world's most successful tax amnesty, but when you have the number of tax dodgers that Indonesia has, it's just a drop in the ocean.

More than 436,000 people have participated in Indonesia's tax amnesty, unearthing assets worth 3,600 trillion rupiah (S$379 billion). As a percentage of gross domestic product (GDP), that's triple what Chile managed last year and six times what Italy reported in 2014. But one of Indonesia's amnesty architects says there's still a long way to go if policymakers in South-east Asia's biggest economy are serious about getting their countrymen to pay their fair share.

Copyright SPH Media. All rights reserved.