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Indonesia's tax amnesty fails to bring money home

$365 billion in hidden assets declared, but domestic and external turmoil discourage repatriation

Participants in Indonesia's tax amnesty wait at the tax headquarters in Jakarta on Friday, the last day of the policy.

JAKARTA -- Indonesia's tax amnesty, which came to an end Friday, has exposed the massive scale of uncollected tax from its citizens, who declared at least 4,866 trillion rupiah ($365 billion) in hidden assets during the nine-month program. But the total of overseas assets brought home was far below the government's target, dealing a setback to its infrastructure development plans.

People crowded tax offices in major cities across Indonesia from Friday morning as the deadline loomed. At the headquarters of the tax directorate general in Jakarta, at least 1,000 people waited to submit documents to the staff, many of whom would work through the night to accommodate last-minute applicants.

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