INDONESIA TAX AMNESTY PROGRAM

We belief that The deficit in tax revenue is not supposed to be reasons to legalize tax amnesty in right now, because Indonesia almost every year always experiencing the budget deficit commonly the government to fulfill that gap by taking foreign debt, even if the government side going to said that if taking foreign debt, it would cause the swelling of financial burdens for the payment of loan interest and principal, as well as exchange rate risks.  Yeah we going to agree with that but it doesn’t mean to cover that deficit the government should legalize tax amnesty in which government still have another good option like the issuing of retail domestic obligation which is the government will issue retail treasury bond to their local people in which their local people only that have right to buy the bond with reachable price so the threat of exchange rate risks can be eliminated rather than taking foreign debts. So the risks of this type obligations can be really minimize in which it will not make Indonesia get   crisis like in 1997 that Indonesia need to pay external debt which is foreign debt.

According to suara.com the fact that government in 2016 already released the State Securities retail/ domestic bond for Rp 512 trillion to fund national project development and it proven success. Which meant that we can take from this example that our current society have capability to fund our own national project development through government retail obligation rather than count on tax amnesty from Indonesian asset abroad that should be exploited more, punish and hunted because of their uncompliant tax payments which will be paying fine more rather than giving tax amnesty program be that will make them only pay 2 – 4 % of their assets.  

The second’s option for government to reduce deficit budget in 2016 is to revise and reduce a plan national expenditure in which government should be realistic in allocating national budget to funding the project and more count on privet funding in the financing national project development rather than forcing itself to be out of its capability or using government budget.  Its okay if the government can’t reach 5 % GDP growth for this year because less government spending but

we belief that if tax amnesty being legalize, Indonesia  will lose a lot of money from naughty taxpayer that should be have hard punishment so far in which based on the constitutions   in Indonesia (Jakarta post)  normally, taxpayers in the highest income bracket have to pay a 30 percent tax annually. There is also a 200 percent fine on back taxes.

Moreover based on financial ministry data, financial ministry said that they already have data about 6000 Indonesian assets who stashed their assets from abroad  in early 2016 before panama paper scandal and worth around Rp 3000 trillion “Finance Minister Bambang Brodjonegoro had mentioned about it)  (republica.com) so that means that the data about Indonesian assets abroad  is increasing after panama paper

My questions is why government still keep secret those data and give them chance to be tax compliant through tax amnesty and threat them  if not join tax amnesty program they will be cached . and why government not use those data as ammunition or weapon to crack down the naughty taxpayers by opening those data to KPK or police or other institutions that will crack down them Rather than keep secret this data, and only give this data to KPK or other eradication institutions if the naughty taxpayers fail to join tax amnesty programs and my question is why not now, why government protect a betrayer of Indonesia, and why government not act as supposed to be acted.

And what for Indonesia create KPK, OJK,  UU Tipikor, UU Pencegahan dan Pemberantasan Pencucian Uang if finally government act like this, , the government could be accused of "cooperating" with naughty taxpayers. And it will make dispointed or unfainess feeling from a complient tax payer because they have honest, disipline, and on time in payer their taxes and declaring their assets honestly Because government act unfair action toward their citizen in which it can’t be justified as father, government should act fairly for all their citizen  

And in the 2018 Indonesia will implement “Automatic Exchange of Financial Information” that consist of 91 countries including tax heaven countries in the world such Singapore, virgin island etc. ... in which all countries who join this program will share each other information about the asset of every citizen to avoid hidden assets and tax avoider “ so that by implementing this program in 2018 “ naughty taxpayer can run and they can’t hide anymore” just waiting their turn to be cached by their own government. Or if Indonesia still implementing this amnesty program Indonesia will lose houndred more trillion rupiah.

CONTOH RESEARCH PROPOSAL/ PROPOSAL PENELITIAN

https://drive.google.com/file/d/0B4Ug1LuQKAZNcUcxS0tYYW45bms/view

MENCEGAH KEJAHATAN FINANCIAL DI INDONESIA

Prevention Efforts

Actually, Indonesia has created a strict regulation and policy to tackle this kind of crime, but it’s not running as like the expectation in implementing it. This below is the process that government has made to prevent the financial crime and how it is worked

• ·         Customer due diligence
• ·        Reporting
• ·         Regulation
• ·         Sanction

• 1.      The compliance element customer due diligence has seen from the arranged of the principle of service user in UU88/2010 which has arranged in article of 18 to article of 22.  Those constitutions have arranged how financial service providers and goods/service providers involved in preventing the financial crime with obligated to “recognize service user” when do the transactions with their clients/ customers. Explained clearly in UU8/2010, the principle to recognize service user did covering minimally the identification of service user, the verification of service user, and monitoring the transaction of service user. Example: when the customer of the bank do the financial transaction and the amount of transactions is above Rp 100 million so the customers of the bank shall be obligated for giving the information about their identities, the source of fund, and the purpose of transactions with fulfilling the forms that was provided by the banks and attaching the supported documents.
•  
• 2.      The compliance of reporting element has seen from  arranged  about the financial transaction report in UU8/2010  has arranged in article of 30. Within those articles, explained about the obligation of financial service provider for reporting to the PPATK in the form of  Financial Suspicious Transaction Report (LTKM),  Cash Financial Transaction Report (LTKT), and Financial Transactions Transfer Funds from domestic and overseas, then to the goods/service provider is obligated to report every transactions as little as Rp 500 million. The compliance of reporting element has seen from arranged either the financial cash  carriage or other transaction instrument  from/to  local customs Indonesia in the article 34 to article 36 UU8/2010, where the Directorate General of Customs and Excise involved
•  
• 3.      The compliance of reporting element has seen clearly with enactment of UU8/2010 now
•  
• 4.    The compliance of reporting element has seen from the transactions arranged UU8/10. Heavy sanction is perpetrators of money laundering included in article 3, namely maximum imprisonment of 20 years and fine as much as Rp 10 billion.

 
As a matter of fact, This prevention has proven not effective that proved by a lot of Indonesian who  can still stash their money abroad retrieved from Panama Paper, it’s around 11000 Indonesian. So that means wake up call for Indonesia government to create an effective prevention system to prevent this financial crime in the future and bring back Indonesian money to the nation.  In my opinion, government should more pro-active, firm, and brave to against this financial crime as a result of this financial crime is hampering an economy development of nation.  
few suggestions to prevent this financial crime

• 1.      Coorporation 

Indonesian governments need to be more active and proactive to tackle this crime through inviting a lot of international community of country to make deal of the transparency in the member of community in which the members should report all of financial assets of the citizen to one another members of community, so the every citizen can not hide their assets in another country that has joined the agreements.
 

• 2.      Transparency

So far the government of Indonesia, Banks and the Directorate General of Taxation and Customs have  an information about the list of Indonesian who stash their money abroad and domestic who did not report completely  their assets but those institutions do not give this information to KPK,BPK, and PPATK. It has proven when government want to allow tax amnesty law which government were saying that at least there 3000 Indonesia who stash and unreported their money abroad. In making question mark from Indonesia citizens why government do not give this data to the institution who has authorities to catch them up rather than giving the tax amnesty. So by this analysis, I believe that when transparency of information among outstanding institutions Indonesia  and among government in the world financial crime not impossible can be minimized as low as possible because the problem in catching this defendant is the accessed of information.

• 3.      Brave

Indonesian government need to be brave in combating the financial crime. so far, it haven’t be shown yet by them. It makes Indonesia citizen doubt toward capability government. There are several indications if members of government and outstanding figures in the country are involved in this case so they did not brave to fight them self. It has shown by their behaviors so far such as did not give any the list of suspicious toward the KPK and friends, so the braveness in combating and preventing financial crime is to be questionable here.
 

• 4.      Regulation

Indonesia government need to review their constitutions because there are many constitutions that overlapping one another that make it complicated to be implemented. Commonly, this is always happing in this country.   

• 5.      Punishment

Sometimes, defendants were already there but the punishment was unsatisfied toward them. In here, Indonesia government needs to take a firm and heavy punishment toward financial crime, the proof that current punishment is not make the defendant of the financial crimes afraid, the fact they still do the financial crimes till now, so I suggests that the government needs to reform their punishment as well as firm in terms of the implementation. 

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MERDEKA GOLD MINE SECURE THE SYNDICATE LOAN

Merdeka Gold Mine has secured the syndicate loan from HSBC, BNP Paribas and sociate generale asia to expand its project in Tujung Bitang Projects. Company has secured  $ 130 millions in which this amount of money has exceed the initial target, company also has raise the money from selling its 12 % shares in Indonesia stock exchange at around $ 68 million. its plan, the company will used this money to tap 2,4 million ddof gold and  75 million ounces of silver in the Tujuh bintang project and the company also will further use this money to process 35 million tons of ore after company got permission from the government, up from an initial plan 24 million ton of ore. the company will be distributed the $ 10 million for tax's coffers of government and used the remaining money to cover its over- budget spending

 

plastic bag and Rp 200

Indonesians will be charge Rp 200 fee for each plastic bag.  Environment and forest Ministry  Siti Nurbaya  bakar has rolled out the policy to reduce the waste of plastic bag that become the spectre problem for this country. the ministry will try to implement this policy in six months in 22 cities across Indonesia if it is successful then Ministry will implement this policy to everywhere else across the country.

Indonesia settle in the second number of plastic bag waste in the world behind only china which stood at number 187 million plastic bag. in which it will become bigger and bigger by the years, moreover plastic bag can not be recycle or need decade to be decompose.

by rolling out this policy to the city and province the ministry wish that Indonesia will be cut down the number of the plastic bag and make the country getting clean  and clean from the plastic bag -  the waste that hard to be decomposed. Even-though the ministry have charge Rp 200 free for city and province, but the city and province can change it as they want as long as it above the Rp 200.

in developed country such as US, and EUROPE, this  policy is very common and it is  proven  effective to cut down the number of plastic bag in the public Dustbin that often become sources of problem for people. so by through implementing this policy she wish that Indonesia will think twice to use plastic bag and force them to bring their own reusable bags rather than buying un-decompose bag which plastic bag.

don't quit dreaming big and change the world

                                                             

there are only few people in the world that have brave to dream big to change the world, whereas there have been many examples from people in the past and present  who had big dream  and it proven that they can make it coming true even from zero. it's not because only few people can make it happen or few people got grace from the allah swt for changing the world but it is because their perception and confidence toward them self, in which they thought that it is out of their capability in order to make it come true.    

Shannon L-alder, one of outstanding motivator in the world, Said " you will never get what you want if you believe that you not worthy of having it. god never make us to be defeated", that means someone should be optimistic if they have dream and struggle to make it come true in which someone also should be have positive thinking of it lest he really deserve to make it come true because allah swt always give the chance to every creature to make their want come true as long as they make hard effort.

dream big to change the world is great cornerstone for people in which they will take many hard action to make it come true then it will lead to positive thinking and impacting their daily actions that will have one flow which is to achieve their own sold.