Nominees and taxes.

Markit

With the drop in oil priced world-wide and the lowering of the subvention these guys have gotten the biggest Xmas present of all time. I doubt if we need to have any near term worries about hordes of bureaucrats scavenging around for the odd Rupiah in tax.

Markit

Frankly it does seem that only mugs pay tax, both here and abroad - he says on the way with an Uber taxi to have a Starbucks while Googling something nice on Amazon with his Apple Iphone? Just us tax dodger in here Mi'lud.

davita

Was having a beerx3 yesterday with some realtor buddies so the conversation got around to the nominee structure. I was surprised to learn that some realtor office (WNI) staff have 'numerous' nominee villas under their name. My pals tell me the nominee normally get 1% on both purchase and sale... so they are happy to hold 'numerous' titles. Also...buyers are often advised to stay with the current nominee, on transfer of the property, as this means there is no transfer tax.:greedy_dollars: The latest World Bank Quarterly report (today's Jakpost) says Indonesia estimates that 50% of tax potential goes untapped. It also suggests that accessing data on taxpayers assets ([B]property[/B], business and finances) would assist tax officials verify tax compliance. After listening to the new Finance Secretary (Bambang Brodjonegoro) on CNBC last night, regarding the 2015 budget and increasing revenue.....I foresee a tsunami coming for those with 'numerous' property titles as assets....:dejection:

davita

Markit wroteWith the drop in oil priced world-wide and the lowering of the subvention these guys have gotten the biggest Xmas present of all time. I doubt if we need to have any near term worries about hordes of bureaucrats scavenging around for the odd Rupiah in tax.

Agreed...seeing as RI predicated their subsidies on US$105/barrel and today is in the $55-60 range....it is a Xmas present indeed but, listening to the Minister last night, he speculates the oil price is just a price war and will go back-up again soon. RI also predicated the Rp at around 11,000 to the USD and today it hit 12,700....so bad news there. I'm no economist but when the World Bank says there is only 50% compliance with tax reporting....I think it will stir the pot. Boy Scouts are always prepared.:icon_e_biggrin:

Markit

You're gonna get 17,509 2ltr. boxes of wine from the diff in your pension rate? That's a pretty hefty pension you got there brother. Need any help spending it? Would you care to meet some beautiful brown girls that can help?

davita

Going against the grain of the recent outflow of IDR, just this morning, I bought IDR from some of my GBP pension account. As a loyal Indonesian Kitas holder who supports the finances of my country of residency I just wish the RI Gov't would appreciate my gesture......:cupcake: The difference in IDR/GBP, since a month ago, will enable me to buy 17,509 two litre boxes of Hatten's Rosé wine:drunk:...made in Bali, thus supporting local manufacturing whilst simultaneously supplementing RI's balance of payments deficit....:applause: edit: Thanks to Markit's clear mathematical skill....I meant 17.509 two litres of Hatten's Rosé.....'my bad'... and disappointment that he maybe now cannot fix me up with those brown girls...cannot afford; I have one at home that costs alot!:black_eyed: