Indonesia's wealthiest families have been given summons from the tax office to reassess their past tax filings, amidst the country's struggle with reaching its tax collection targets. Officials, in turn, have turned to large, easy-to-track taxpayers, a strategy termed as "hunting in a zoo", resulting in concerns of capital flight if rules continue to shift unpredictably, and risking the potential erosion of investor confidence in the Indonesian economy.
If Christmas is supposed to be the season of cheer, Indonesia’s wealthiest families would probably like a refund. Their year-end surprise didn’t come wrapped in ribbon. It came in the form of a summons from the tax office, a polite invitation to “clarify”...
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