Indonesia ready to the new era of Automatic Information Exchange
As the world becomes more global and cross-border activities become the norm, tax administration needs to work together to ensure that taxpayers pay the right amount of taxes to the right jurisdiction. According to the OECD, today’s global financial world, virtually unlimited, makes it easier for people who want to hide their money overseas to avoid taxes. The amount of money that is heavily guarded abroad and is not permitted as long as taxpayers fail to meet tax obligations in their home law territories.