JAKARTA - Circulation of Panama Papers document proving that many citizens
and corporations in Indonesia which has a shell companies in tax havens
countries (tax haven countries). Therefore, the government plans to establish a
special location in Indonesia as a tax haven area.
Finance Minister Bambang Brodjonegoro states, private and corporate Indonesia legitimate business activities abroad. However, it is an obstacle when its business in tax haven countries or using a shell company as a special purpose vehicle. To reduce it, said Bambang, Indonesia will establish a special department to become the basis of a shell company or declare offshore financial centers. Malaysian minister inspired by pointing Island area Labuhan as a tax haven for non-Malaysian businessmen.
Although Labuan Island became the basis of establishment of shell companies, the Malaysian government still have the benefit of private business and corporate activities from abroad. Companies established in Labuhan also get a tax treatment different from the general tax rules in Malaysia. "What is important, not its business base abroad, but remain in Malaysia," he said.
Bambang admitted that the plan of the special district tax havens in Indonesia has entered the stage of discussion at the top level of government. However, the former deputy finance minister was not willing to mention the exact location for the area declare offshore financial center.
The reason, the government is still focused finish setting tax amnesty. "Location mah easy. We'll follow up. We will consider the order of business in foreign countries, but the base remains here, "said Bambang.
Observers Justin Prastowo taxation rate, the plan could have an impact on state revenues. With their special location tax haven, will be more funds will be played in Indonesia. In the long term, the tax haven area could have an impact of the increasing acceptance of value-added tax (VAT).
The requirement, supervision should still be good in order not to repeat the mistakes Labuhan who is now a reservoir area money-money proceeds of crime. "Indonesia is still vulnerable. Thus, regulation, administration, and supervision needs to be prepared carefully
Finance Minister Bambang Brodjonegoro states, private and corporate Indonesia legitimate business activities abroad. However, it is an obstacle when its business in tax haven countries or using a shell company as a special purpose vehicle. To reduce it, said Bambang, Indonesia will establish a special department to become the basis of a shell company or declare offshore financial centers. Malaysian minister inspired by pointing Island area Labuhan as a tax haven for non-Malaysian businessmen.
Although Labuan Island became the basis of establishment of shell companies, the Malaysian government still have the benefit of private business and corporate activities from abroad. Companies established in Labuhan also get a tax treatment different from the general tax rules in Malaysia. "What is important, not its business base abroad, but remain in Malaysia," he said.
Bambang admitted that the plan of the special district tax havens in Indonesia has entered the stage of discussion at the top level of government. However, the former deputy finance minister was not willing to mention the exact location for the area declare offshore financial center.
The reason, the government is still focused finish setting tax amnesty. "Location mah easy. We'll follow up. We will consider the order of business in foreign countries, but the base remains here, "said Bambang.
Observers Justin Prastowo taxation rate, the plan could have an impact on state revenues. With their special location tax haven, will be more funds will be played in Indonesia. In the long term, the tax haven area could have an impact of the increasing acceptance of value-added tax (VAT).
The requirement, supervision should still be good in order not to repeat the mistakes Labuhan who is now a reservoir area money-money proceeds of crime. "Indonesia is still vulnerable. Thus, regulation, administration, and supervision needs to be prepared carefully
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