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Indonesia tax amnesty: $330 billion for new reforms

The largest Southeast Asia's economy this month brings to the end one of the most successful tax amnesties, with at least 745,000 taxpayers, declared more than $330 billion.

President Joko Widodo noted that these tax revenue he sees as a key to increasing infrastructure spending and growth. It is worth noting that amnesty has led not just to a one-time excess revenue, and helped to ensure the Indonesian government that their system needs improvement.

Indonesia's minister of finance Sri Mulyani Indrawati has set up a special tax reform team whose main objective is to improve the tax reform and to increase fundraising. This is a very serious task since the country is home to tens of millions of people both rich and poor, who remain outside the tax system.

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