Indonesia insisting on becoming a full member of Financial Action Task Force ,FATF) to play a key role in fighting tax evasion and promoting global tax transparency, a key goal of its G20 Presidency.

The Islands archipelago is a close strategic partner of India Southeast AsiaAnd its government is promoting the idea of ​​tax transparency at the upcoming G20 summit it is hosting.

Also, Jakarta is pushing to become a member of the FATF, ET has learned.

India has been demanding more tax transparency between G20 countries and the Prime Minister Narendra Modi The last summit itself has stood for it.

“As the holder of the G20 Presidency, Indonesia as a whole encourages increased tax transparency between countries. A fair and transparent way to address tax evasion, prevent transfer pricing and encourage favorable national tax policies The international tax system is important,” said Moudi Ayunda, Indonesian government spokesman for the G20 Presidency.

Tax transparency and exchange of tax information are critical to spur economic growth, especially in the post-Covid-19 recovery period. He said tax transparency between countries would have a massive impact if implemented collectively.