A Seat at the Table
Tuesday, July 26, 2016
The governments decision to include foreign banks in the new tax amnesty program is stoking fears the program may fail. Singapore denied rumors that banks are actively blocking the repatriation of Indonesian assets.
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On Friday morning two weeks ago, Finance Minister Bambang Brodjonegoro invited Citibank Indonesia CEO Batara Sianturi into his office for a talk.
Arriving alone, Batara, who is also chairman of the Indonesian Association of International Banks, came with a message: Members of the association wanted foreign banks to be included in the plan to receive funds repatriated by the recently passed tax amnesty law.
The meeting with the minister lasted more
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