JAKARTA, NETRALNEWS.COM – Finance Minister Sri Mulyani has revealed to Indonesian citizens who are known to commit crimes for hiding their wealth to avoid tax liability would be imposed sanctions.
According to her, Indonesia is now in the process of joining the Financial Action Task Force (FATF), an international money laundering body formulating standards of money laundering or so-called illicit financing.
"What is not in accordance with the rule of law will be something concerned. This will combat all illicit financing," said Sri Mulyani, Monday (11/6/2017), in Jakarta.
She added that her office will do international cooperation with other countries to investigate citizens hide their wealth, as she worried that it could harm the state.
"If later there are things to do with taxation, yes we go through international partnership," added she.
The Finance Minister conveyed that the government will review the Paradise Papers report to increase tax based in Indonesia specifically derived from individual taxes.
"One thing that concerns is to strengthen tax based Indonesia, especially based on high wealth individual that is one of the continuous improvement," said Sri Mulyani.