Friday, September 23, 2016

Indonesian tax amnesty

My Indonesian friend told me. The Indonesian authority wanted to reach out to the Chinese community to tell them about the tax amnesty. They went to give a talk in the churches.

Normally, the attendance at the church is about half full. When the congregation heard about the talk on tax amnesty, the church overflowed. Many of the attendees had to listen to the talk from outside the main hall.

The tax amnesty plan was successful. Many people are taking advantage of the amnesty to declare their past earnings and be forgiven. They only have to pay a tax of 2%.

I read a report in Jakarta post that the take-up was initially low, but i the participation had increased tremendously in recent weeks.

President Jokowi had implemented this plan successfully.


Yujuan said...

President Jokowi is a businessman, this shows you need a politician with business background mentality to manage an economy, all past Indonesian Presidents came from military background, with typical command and obey to Governance of the country. Indonesian, Thai and Mynamar military Govts finally realise they are the tripping stones in developing economy, and have to give way to civilian rule.
Now we look at Singapore politics, helmed by ex military leaders, are we regressing where we would be overtaken by our neighbours one day.
Freak control, command and obey system leading to yes men, military style Group Think would make Singapore regressing. Discarding one's army fatigues dun remake a man instantly into an economic wizard.
We are now at a crossroad, a not up/not down kind of situation. We need a Singaporean Jokowi to propel us forward.
Perhaps President Jokowi would be one Indonesian leader able to tackle the perennial sticky haze problem for us, diplomatically and quietly. Seeing the hallmarks of a great, competent, pragmatic leader emerging in South East Asia, luring wealth back home with a no penalty bait, only paying a minuscule 2% tax, best of all done without the hue and cry at ruffling Singapore's features for holding Indonesian's money.

Anonymous said...

After Thai revolution in 2014, the Thai junta immediately visited military led Myanmar. He did not visit a developed nation. It was a bad sign for Thailand politically. Today, the new constitution of Thailand allow an outsider or non-elected PM to lead the country PLUS 250 military appointed senate. Thailand junta "copy" the Myanmar system! A Thai political sicience professor recently said that his country has no progress in past 40 years. Both Thai and Myanmar might not good cases to compare.

Anonymous said...

On why Thailand is never a good case to compare SG, just find out what is the position in the list of least corruption nation.
As a pensioner, you would find your name is delisted somehow.
As a bank depositor, you would find your money missing.
As an investor, you would learnt insider trading is not punished.
As a top civil servant, you would find him involve in human trafficking or underground casino...etc

Now F&N chairman is a Thais. Before Thai revolution in 2014, he bought over F&N at rather high price ($8.80 per share). I thought he did a right choice to park his money in Singapore.

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