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Indonesia's Tax Hike Sparks Business Outcry
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Indonesian businesses are in opposition to recent and potential tax hikes, particularly targeting nightclubs, bars, spas, and karaoke clubs. The leisure tax is set to increase to at least 40% from zero, with local governments having flexibility to decide the rate within a range of 75%. This development coincides with the run-up to an upcoming presidential election.
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How could the opposition to tax hikes reflect broader political and economic sentiments in Indonesia?
How might the tax hikes affect the leisure industry in Indonesia?
What strategies are businesses in Indonesia employing to mitigate the impact of the tax hikes?
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