Tax amnesty

Kompas – April 30, 2016
Tax amnesty

Sign reads 'Welcome Tax Embezzlers', carpet reads 'Tax Amnesty'

Amid revelations that thousands of wealthy individuals and companies are using offshore havens to avoid paying tax, experts have slammed the government's tax amnesty plan, which is designed to entice people to repatriate their ill gotten wealth stashed overseas to bolster flagging government revenue, arguing that it will only increase tax disobedience by rewarding big tax evaders who will be offered a penalty rate of just 6-8% instead of the normal 48%.