Indonesia is planning to undertake one of the biggest tax overhaul in the economy with the Indonesian parliament voting today on whether to back raising the vat rate, a new carbon tax and canceling a planned corporate tax cut. The government has said the tax harmonisation bill is aimed at optimising revenue collection, while ensuring a fairer tax system, after state coffers took a big hit last year due to the covid-19 pandemic.

Indonesia plans to undertake one of biggest tax overhauls

Trump signed the bill shortly before departing for a year-end break at his Mar-a-Lago resort in Florida, pulling forward a formal signing initially planned for January

Trump signs sweeping tax overhaul, sealing major victory

WION morning news brief, December 17 2017

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