Indonesia's banking participants have called for the country's M&A sector to unify policies relating to deal tax structuring. A tax-distorting element has been increasingly creeping into Indonesia’s M&A deals, with the drive to sell a public company shaping the way deals are being done in an unnatural manner.
Sales of private shares are subject to 25% tax while sale of listed shares are subject to 0.1% tax.
Click here to view the presentation slide show for this panel.One M&A market participant, who did not wish to be named, said the time had come...