Products that usually have to go through four, five, or even six links in the chain, can now be sold directly to customers so the farmers receive three to four times more.
Apindo suggests that the government issue a regulation in lieu of a law (Perpu), to be able to extend the duration of the tax amnesty.
“We haven’t thought about doing an upsize (increasing the value). We’re waiting for the government to think about it, observe the situation. An upsize is possible, we will consider it eventually ...
Tax amnesty participants can use the gold bars or land they have invested in as collateral to obtain loans from the designated gateway banks.
"There is a handful (of people) in the financial sector who are benefiting from the real sector while ordinary people are left behind."
Given President Widodo"s high targets, the market expects Sri Mulyani to be appointed Minister of Finance, bringing those targets within reach.
Many had an issue with the requirement to keep their funds in Indonesia for at least three years, arguing that during that period they may need cash flow to finance their businesses in an emergency.
"It is implicitly regulated in the heart of the Tax Amnesty Law. Issuing too many rules will only make those signing up for the tax amnesty even more confused."
From today (19/7), it might be possible to monitor the number of taxpayers who have signed up for the tax amnesty and the value of their assets.
Cabinet overhaul is unlikely to occur this week. Despite the fact that the President has been finalising the plan in the last few days.