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

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…

© La Conversation - mardi 11 mai 2021