Indonesia's Parliament passes new tax amnesty bill

June 28, 2016 2:40 PM

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JAKARTA, Indonesia – Indonesia's Parliament has passed a tax amnesty bill aimed at drawing billions of funds from wealthy Indonesians abroad as well as tax evaders at home.

It would impose rates from 2 percent to 10 percent on tax evaders, compared to much higher standard rates.

Also read: Trump’s 15% Corporate Tax Seen as ‘Gambit’ as He Unveils Plan

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