JAKARTA: President Joko Widodo is making a gamble on his preferred successor winning Indonesia’s election in one round, even as the wager risks dividing his supporters, denting his credibility and curbing the influence he has built in the past decade.
(Bloomberg) President Joko Widodo is making a gamble on his preferred successor winning Indonesia’s election in one round, even as the wager risks dividing his supporters, denting his credibility and curbing the influence he has built in the past decade.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials
Indonesia s Presidential Contenders Promise Tax Reform to Boost Revenue usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The three main candidates contesting Indonesia's presidential elections this month are proposing to bolster government coffers by creating a new tax collection agency, despite scepticism from the tax and business community. Policymakers in Southeast Asia's largest economy have long considered the creation of a more powerful tax institution to tackle the problem of chronically weak revenue collection, even as they have failed to address simpler solutions such as widening the tax base. Indonesia has managed its finances relatively well during President Joko Widodo's 10-year tenure, but its spending capacity is limited by a deficit ceiling, large outlays on energy subsidies and growing interest payments on debt.
Indonesia s Senior Law Minister Submits Resignation Before Polls bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.