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 Indonesias 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.
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One M&A market participant, who did not wish to be named,
said the time had...