Indonesia Targets Social Media for Tax Revenue

The video discusses Indonesia's focus on taxing social media stars and online merchants to address a significant revenue shortfall. The country is experiencing an economic slowdown, with a budget deficit nearing its legal cap. To mitigate this, Indonesia is scrutinizing social media activities for potential tax revenue, targeting Instagram celebrities and online merchants. The government is also implementing a tax amnesty, which has already generated substantial revenue, and is working to broaden the tax base. The new finance minister is actively addressing tax avoidance issues.

What is the estimated revenue that social media transactions can generate according to the Indonesian authorities?

Why is Indonesia looking for new sources of revenue?

How much revenue has the first phase of the tax amnesty generated?

What challenges has Indonesia faced in the past regarding taxation?

What role does the new finance minister play in Indonesia's tax collection efforts?