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Wealthy Indonesians “redistributing” assets amongst family members following tax amnesty


In the wake of the country’s tax amnesty programme, Indonesian private banking clients are resettling their trusts and redistributing their wealth amongst family members, says Sheau-Yuen Tan, Deutsche Bank Wealth Management’s head of wealth planning for the Asia Pacific. Singapore-based Tan told Asian Private Banker that following the completion of the tax amnesty scheme on 31 March, “most Indonesian families…

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