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Indonesia could start taxing its highest earners more REUTERS/Beawiharta The country needs to increase tax revenue, especially after the costs of the pandemic. Around the world, different countries are reconsidering taxes in the wake of pandemic recessions. Indonesia is looking into potentially raising taxes on higher-earners and enacting a tax on carbon emissions, Bloomberg reports.  The country s government needs to bring in more revenue and cut down on the deficit, and its finance ministry has proposed a few tax measures to potentially help balance the books. One is creating a new tax bracket for high earners. Those making over 5 billion rupiah a year around $349,000 could see a 35% income tax. Per Bloomberg, current income tax rates generally top out around 30%, and go as low as 5%.

United statesTo asiaIndonesia generalJoe bidenInternational monetary fundIndonesia finance ministryFinance ministryNikkei asiaPresident joe bidenஒன்றுபட்டது மாநிலங்களில்க்கு ஆசியாஇந்தோனேசியா ஜநரல்ஓஹோ பிடென்சர்வதேச பண நிதிஇந்தோனேசியா நிதி அமைச்சகம்நிதி அமைச்சகம்