Scrutinizing Bank Accounts
Tuesday, June 20, 2017
THE Finance Ministry has sparked a polemic with its inconsistency over the minimum balance set for accounts to be monitored by the government. Overnight, it changed the minimum threshold of Rp200 million to Rp1 billion, proving that it lacked planning in policy-making. The change also betrayed the very spirit of the regulationtax transparency.
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THE Finance Ministry has sparked a polemic with its inconsistency over the minimum balance set for accounts to be monitored by the government. Overnight, it changed the minimum threshold of Rp200 million to Rp1 billion, proving that it lacked planning in policy-making. The change also betrayed the very spirit of the regulationtax transparency.
The requirement for banks to report accounts is part of the Government Regulation in lieu of Law No. 1
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