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Indonesian tycoons succumb to tax amnesty programme

Franky Oesman Widjaja, chairmain of Golden Agri-Resources and heir to Indonesia’s third wealthiest individual, is the latest prominent businessman to have filed to repatriate assets under the government’s amnesty programme. Indonesia’s tax amnesty has come under scrutiny of late for attracting anaemic inflows. As of September 19, the amnesty registered Rp22.7 trillion (US$1.8 billion) in repatriated assets, but with that figure now…

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