00:00 The Finance Minister has made sure that the various fiscal incentives provided by the government are still competitive compared to the countries on the same level.
00:08 Moreover, if fairer global tax equality can be applied,
00:12 the MNK is confident that domestic business will be more competitive with other countries.
00:17 The business community that championed the need for an increase in fiscal incentives
00:25 was responded to by arguments made by the Finance Minister.
00:28 The Finance Minister, Sri Mulyani Indrawati, explained that there is currently a lack of balance in tax procedures in the world,
00:34 which causes a lot of tax avoidance.
00:37 For that, with the international agreement on two tax pillars,
00:41 it is hoped that tax equality can be the beginning of a more competitive fiscal incentive provided by developing countries such as Indonesia.
00:49 Sri Mulyani said the government has provided a lot of fiscal incentives to protect the business and industry sectors.
00:55 Sri Mulyani also emphasized that good fiscal balance must be maintained
01:00 so that the fiscal incentive provided must be consistent with the value of investment or the results obtained from a fiscal policy.
01:06 With the global tax agreement in process,
01:09 Sri Mulyani is confident that domestic tax incentives are still competitive with other countries.
01:14 So that the basis of taxes from countries with high taxes is eroded.
01:20 This is called tax avoidance or tax evasion.
01:24 These practices certainly make the playing field different.
01:29 So we also try internationally
01:33 so that the competition is fair.
01:36 No one keeps lowering it to the bottom.
01:40 Previously, the government has added several fiscal incentives to maintain domestic industrial growth.
01:47 Recently, the government issued a policy package at the end of the year
01:50 that also provides fiscal incentives to the government for the property sector until the end of the first semester next year.
01:57 From Jakarta, Rahar Jopatmo, IDX Channel.
02:01 Thank you for watching.
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