WNA Globe

World News by Wild Rose

#Regulations ร—

Why Indonesia needs legal trust, not tax cuts, to build a finance hub

Tax breaks used to be enough. Not any more. Analysts say a new generation of investors is prioritising legal certainty and regulatory stability over incentives โ€“ and Asiaโ€™s most successful international financial centres will be those that successfully secure trust. All of which carries repercussions for Indonesiaโ€™s plans to build its first international finance centre, after lawmakers passed a law on Tuesday giving the project the green light. Enforceable contracts, predictable regulation and...