Indonesia is considering cutting its corporate tax rate to as low as 17.5 per cent from 25 per cent to attract more investment from companies that are operating in the region, a tax ministry official said on Monday.
In an attempt to enhance investments in crucial sectors and also facilitate reduction of corporate tax, the finance ministry has drawn up a road-map to move away from offering profit-linked incentives to investment-linked incentives.
The Corporate Tax Association has rejected suggestions big business is trying to avoid its obligations but its vice-president and treasurer work for companies targeted by the Australian Tax Office
The Corporate Tax Association has vehemently...
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