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Economy

Indonesia starts process to raise VAT and introduce carbon tax

Large overhaul on way for system that fails to account for most of populace

Vehicles are seen in traffic jam during afternoon rush hour in Jakarta, Indonesia, May 27, 2021.   © Reuters

JAKARTA -- The Indonesian government is gearing up to increase its COVID-battered state revenues by raising its value added tax and introducing other levies as part of an overhaul of a tax system that has failed to register a large majority of Indonesians.

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