Indonesia through the instruction of president jokowi is in preparation to prepare for tax amnesty. It is already under the discuss of house of senate following the initiation of jokowi to withdraw the potential money of indonesian investors stored abroad like singapore.
It's estimated that the amount of money significantly around 600 trillion rupiahs will be repatriated to the country. This will bring the sudden improvement on term of investment after the ensuing policy that will soon rule out.
House of senate fully support the decision of this ex governor of jakarta looking to the fact that those abroad money will bring incredible breakthrough and progress on the business and investment of the country.
This remarkable policy of jokowi will nevertheless influence countries like singapore who is listed as the destination of investors of indonesia that are to repatriate. This surely affect the economy system of those countries like singapore who leans on much on the fund invested. Such amount of 600 million will affect singapore bank likewise disturb the economy of the country.
It is predicted that singapore also to anticipate the policy of jokowi probably will offer the citizenship for the indonesian investors as to deter money repatriated to indonesia. This means that indonesia must be in haste to anticipate the release of singapore policy and offering promising economy atmosphere for its investors to be willing returning to the country.
Recently president jokowi order to guarantee the confidentiality of documents and list of invetors that are under the scope of tax amnesty. President also offers facility to the investors to allure and ensure for better environment of the investment in their homecountry.
Finance minister, bambang brodjonegoro already released estimated number of investor in abroad that are around 6000 invetors so far. According to bambang, the potential investment from this abroad investors is 560 trillion rupiahs meanwhile the tax potentiality is around 45.7 trillion rupiahs. However, regarding the tax amnesty, finance minister said that it's difficult to list the investors in the country and he is after serious approach to ensure effectivity of tax amnesty.
Commisioner of finance fervices authority said that investment of 560 trillion could enter the bank to increase the liquidity of third party fund collection like deposit and giro. The increasing of liquidity of bank according to commisioner of finance fervices will support the government programs like infrastructure and other programs.
The money also can be used for capital market and all the programs have been established to the investor for a promising atmosphere of investment.
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