Running head: INDONESIA AND INDIA 1

Indonesia and India

Student’s Name

Institution
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Indonesia and India experience challenges where individuals hide their asset to avoid the legal

tax paying. Hence there is unfair distribution of wealth as some have anonymous riches. After

the case of people queuing at the central Jakarta clutching financial papers showing billions of

rupiah, president Joko Widodo launched campaign to drive out the hidden assets in Indonesia

economy. Positive reaction towards the president’s efforts to control tax payment lead to

economic and infrastructure development. Political stability and dropping in the tax rate take a

great role in bringing home trillion rupiah parked outside Indonesia. India has also taken the

same steps in regulating its economic wealth which results to high growth of the nation.it ensures

transparent accounting and low taxation in the home country attracted wealthy managers to

invest their revenue in both Indonesia and India.

2. Both India and Indonesia has a common objective of securing the economic ballast to attract

the domestic and global investments by taking measures such as; enhancing transparent

accounting, lowering the taxation rate, the government starting projects of building and

developing infrastructures like airports and enhancement of political stability.

3.The Indonesia’s efforts on controlling its revenue has a high possibility to succeed within the

estimated duration coming the year 2019 as the measures taken are worthwhile (Hanson, 2001).

With the wealthy individuals investing in the country, amnesty and government enforcing low

taxation rate will enable Indonesia develop its infrastructure and be able to manage local and

global financial investments.

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References

Hanson, J. A. (2001). Indonesia and India: contrasting approaches to liberalization and

repression. Financial liberalization: how far, how fast, 31-62.