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Economy

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.

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