trending Market Intelligence /marketintelligence/en/news-insights/trending/2Z6ROehqZNwteN-B8Fr9Ew2 content esgSubNav
In This List

Indonesia seeks back taxes from US tech giants


Next in Tech | Episode 119: Defeating Digital Deficiencies


Insight Weekly: Loan delinquencies up; US money supply falls; coal employment grows


Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders

Case Study

Central European Broadcaster Monetizes Content with a New Online Streaming Service

Indonesia seeks back taxes from US tech giants

is reportedly seeking back taxes that couldamount to billions of dollars from Facebook Inc., Alphabet Inc.'s Google Inc., Twitter Inc. and Yahoo! Inc.

Finance MinisterBambang Brodjonegoro claimed the country has found proof that the U.S. techgiants have been avoiding paying corporate taxes in Indonesia for years, The Wall Street Journal reported April6.

Accordingto Brodjonegoro, given their recent incorporation in the country, Google,Facebook, and Twitter can now be subjected to local taxes. Indonesia will alsoseek taxes owed by Yahoo before it closed its Jakarta office and exited themarket about two years ago.

The financeminister added that the government is uncertain whether the companies have beencorrectly paying taxes in relation to their earnings in the country. The taxagency will seek taxes going back to 2011.

Brodjonegororeportedly said that Indonesia, which took its cues from filed by the U.K., France and Italy, is prepared for ayears-long legal battle.

A spokesmanfor Google said that the company's Indonesian unit was incorporated as a localcompany in 2011 and that it pays all applicable local taxes.