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Why Indonesia should raise the income tax of the ultra-rich individuals

By Nurhastuty K. Wardhani, Faculty Member, Trisakti University
Asmiati Malik, Adjunct assistant professor, Universitas Bakrie
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Indonesia, Southeast Asia’s largest economy, could maximise its tax revenue by increasing the income tax for wealthy individuals – those with a net worth exceeding US$1 million or Rp 14.2 billion – that continue to grow in number every year.

This could help Indonesia tackle the country’s Rp 553.09 trillion state deficit due to the ongoing spending of the National…

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