Indonesia Mulls Developing Tax-Haven Areas to Lure Investment - Invest Islands
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Indonesia Mulls Developing Tax-Haven Areas to Lure Investment

The central bank has said the tax amnesty program could attract about 560 trillion rupiah ($43 billion) of funds stashed overseas.

Indonesia is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty program to fund infrastructure projects…

The rupiah has strengthened 5.1 percent this year.

The Jakarta Composite Index has rallied 17 percent, making it the third-best performer in Asia so far in 2016.

Source Article :

https://www.bloomberg.com/news/articles/2016-08-14/indonesia-mulls-developing-tax-haven-areas-to-lure-investment

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