------Original Message------ From: SbudianaC To: JTClub To: Bei Investor Club Jkt To: Obrolan Bandar ReplyTo: JTClub Subject: [junior_Trader] Fw: Supply-Siders in Jakarta Sent: Sep 10, 2008 16:11
Pajak Turun Sent from my BlackBerry ® wireless device -----Original Message----- From: [EMAIL PROTECTED] Date: Wed, 10 Sep 2008 12:08:55 To: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]> Subject: Supply-Siders in Jakarta Very favourable view toward SBY from the WSJ. REVIEW & OUTLOOK Supply-Siders in Jakarta FROM TODAY'S WALL STREET JOURNAL ASIA September 10, 2008 President Susilo Bambang Yudhoyono, tax cutter. That may not have been the Indonesian head of state's slogan when he ran for office in 2004, but it may very well be one of his administration's greatest legacies when he leaves. Mr. Yudhoyono is expected to sign an amendment to Indonesia's income tax law soon. The document, passed by parliament last week, slashes the top income tax rate to 30% from 35%, reduces the number of brackets and raises deductions. Corporate taxes will move to a flat rate of 28% next year and 25% the following year. Dividend taxes will be slashed to 10% from 20%. The new rates will take effect January 1, 2009. On the home front, cutting taxes should go a long way toward lifting Indonesia's dismal tax-compliance rates. The government records 6.8 million registered individual and corporate taxpayers -- in a country of 235 million citizens. The new law includes a host of measures to encourage tax registration, including an amnesty for those who register promptly, and onerous penalties for those who don't. For investors abroad, the low corporate tax rate and host of other tweaks will make Indonesia a far more attractive place to do business. This isn't an accident: Government officials toured Asia's lowest tax jurisdictions -- including Hong Kong and Singapore -- before settling on the final rates. The new law will also make it cheaper for companies to list on the Jakarta Stock Exchange, encouraging a bigger public market. President Yudhoyono's move is all the more laudable because it comes less than a year before general elections. The President's opponents will likely point to the short-term loss of tax revenue -- estimated at 40.8 trillion rupiah ($4.4 billion) -- as a consequence of the new law. But as supply-side economics would predict, it's more likely that increased compliance rates will actually boost revenues within a year or two. Indonesia is joining a pack of other countries in Asia that are figuring out that high taxes don't pay. Last week, South Korea announced that it would slash corporate, income and death taxes. Last year, Singapore and Hong Kong trimmed corporate tax rates. Mr. Yudhoyono's aggressive tax cuts have put Indonesia, a poor country, back onto investors' radar screens. See all of today's editorials and op-eds, plus video commentary, on Opinion Journal1. ----------------------------------------- ******************************************************************* This e-mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part of it. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. ******************************************************************* "SAVE PAPER - THINK BEFORE YOU PRINT!" ------------------------------------ Daftar Kursus lengkap bisa dilihat :http://www.j-club.biz/courses.htm/ Events J-Club silahkan dilihat di: http://finance.groups.yahoo.com/group/junior_Trader/cal lalu klik Event ListYahoo! Groups Links Sent from my BlackBerry ® wireless device ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/obrolan-bandar/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
