President Jokowi Hopes Tax Amnesty Law Will Bring Much Capital Inflow
Date 15 April 2016
A consultation meeting between the Indonesian House of Representatives (DPR-RI) led by its speaker Ade Komarudin and the Government led by President Joko Jokowi Widodo which was held on Friday (14/4) morning at the Merdeka Palace, Jakarta has agreed to immediately deliberate and finish the bill of the Law on Tax Amnesty.
After the meeting, Cabinet Secretary Pramono Anung told reporters that the Government and the DPR believe that the law is important for the economy and the Government, particularly amidst global economic slow down. He also said that the Government needs capital inflow to develop infrastructure and to boost economic competitiveness.
Pramono added that President Jokowi also told DPR leaders that the Government has very complete data about the names in tax amnesty, both sorted by name or passport. Therefore, he added, with the law, capital inflow is expected to enter the country.
If capital inflow can immediately enter the country, it can boost foreign exchange, as well as allow us to perform tax reconciliation and it can also be used as a part of the domestic budget to fund investment in the country, Pramono said, adding that President Jokowi has also instructed related parties not to let anyone or any group, or even disobedient taxpayers take advantage of the law.
The President also hopes the bill will be passed soon, Pramono concluded.
Attending to the meeting were the Speaker of the DPR Ade Komarudin, Deputy Speakers of the DPR Fadly Zon and Taufik Kurniawan, as well as several House of Representatives’ Commissions and fractions Chairman, as well as Coordinating Minister for the Economy Darmin Nasution, Minister of State Secretary Pratikno, Cabinet Secretary Pramono Anung, Minister of Law and Human Rights Yasonna H. Laoly, and Deputy Minister of Finance Mardiasmo. (FID/JAY/ES) (RAS/EP/YM/Naster)