Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
Former Minister of Finance, Fuad Bawazier, has suggested that the Government take a more pronounced policy such as adopting a tax amnesty policy to stem the swift weakening of the rupiah against the US Dollar.
“One of the policies that the Government can adopt is a tax amnesty policy. This will encourage people to deposit their funds that are currently deposited overseas in Indonesia,” said Bawazier in Jakarta last Thursday.
If the Government implements a tax amnesty in the near future, Fuad predicts that approximately USD 50 billion of overseas funds will be reverted to Indonesia. An amount of this magnitude would substantial strengthen the national foreign exchange reserves which have drained significantly over the past three months.
“This won’t affect revenue from taxes because it has nothing to do with State income derived from taxation,” Fuad Bawazier asserted.
On a different occasion, Agus Martowardojo, Governor of Bank Indonesia admitted that the declining trend in the foreign exchange reverse rate has been caused by the substantial amount of capital outflows to overseas in recent months.
The Governor believes the current level is still sufficient to maintain national economic stabilization in anticipation of foreign debts, maintaining stability in the rupiah’s exchange rate , and to meet import demands.
Agus Martowardojo further contends that in the recent months Bank Indonesia has issued several policy initiatives to maintain foreign currency liquidity in the market by taking funds from the foreign exchange reverse.
“Bank Indonesia is now responding to the current economic circumstances by maintaining foreign currency liquidity, this will surely carry Indonesia to better economic conditions,” the Governor said last Friday.
As an aside, at the end of August 2013 the national foreign exchange reverse at Bank Indonesia was USD 93 billion, whereas at the end of December 2012 it stood at USD 112 billion.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
Former Minister of Finance, Fuad Bawazier, has suggested that the Government take a more pronounced policy such as adopting a tax amnesty policy to stem the swift weakening of the rupiah against the US Dollar.
“One of the policies that the Government can adopt is a tax amnesty policy. This will encourage people to deposit their funds that are currently deposited overseas in Indonesia,” said Bawazier in Jakarta last Thursday.
If the Government implements a tax amnesty in the near future, Fuad predicts that approximately USD 50 billion of overseas funds will be reverted to Indonesia. An amount of this magnitude would substantial strengthen the national foreign exchange reserves which have drained significantly over the past three months.
“This won’t affect revenue from taxes because it has nothing to do with State income derived from taxation,” Fuad Bawazier asserted.
On a different occasion, Agus Martowardojo, Governor of Bank Indonesia admitted that the declining trend in the foreign exchange reverse rate has been caused by the substantial amount of capital outflows to overseas in recent months.
The Governor believes the current level is still sufficient to maintain national economic stabilization in anticipation of foreign debts, maintaining stability in the rupiah’s exchange rate , and to meet import demands.
Agus Martowardojo further contends that in the recent months Bank Indonesia has issued several policy initiatives to maintain foreign currency liquidity in the market by taking funds from the foreign exchange reverse.
“Bank Indonesia is now responding to the current economic circumstances by maintaining foreign currency liquidity, this will surely carry Indonesia to better economic conditions,” the Governor said last Friday.
As an aside, at the end of August 2013 the national foreign exchange reverse at Bank Indonesia was USD 93 billion, whereas at the end of December 2012 it stood at USD 112 billion.
(hot/kc)