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#44503 - 10 Feb 07 23:12 ANT/Indonesia, Switzerland agree to avoid double taxation
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Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Indonesia, Switzerland agree to avoid double taxation

Jakarta (Antara News)- Indonesia and Switzerland agreed here to avoid double taxation by signing an amendement of the document on protocol for avoiding double taxation.

"This agreement is an important step to increase economic relations between the two countries especially to create a more conducive atmosphere for investment in Indonesia," Swiss ambassador to Indonesia, Bernadino Regazzoni, said.

He said today was also historic for the two countries following the arrival of Swiss Confederation President Micheline Calmy-Rey for the first time in the country on Wednesday for a three-day visit.

He said this was the right time to increase the two countries` bilateral relations in the political as well as economic fields.

The Indonesian foreign ministry`s director for West European Affairs, Ramli Sa`ud, meanwhile said that the amendment was done to adapt with the current situation.

"In principle, goods already taxed in Indonesia may not be taxed again in Switzerland and vice versa," he said.

Ramli said that the question of additional cost that had caused difficulties for businessmen to advance would also be addressed in addition to other problems by the ministry of trade which had the competence in the field.

He said Switzerland was one of the three big countries in Europe that had invested in Indonesia. Its investment in the country reaches three billion US dollars, he said adding there were now 75 Swiss companies operating in the country.

"Our bilateral relations have always been good. Switzerland is an advanced as well as neutral country," he said.

He said Switzerland had been interested to increase its economic relations with Indonesia in view of the country`s market potential. He said Indonesia had seen it as a good opportunity for increasing foreign investment in the country.

He said "there have been positive changes in Indonesia in the past two years." (*)
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#44527 - 11 Feb 07 02:24 Re: ANT/Indonesia, Switzerland agree to avoid double taxation [Re: KuKuKaChu]
doremi Offline
Member+++

Registered: 17 Jan 07
Posts: 488
Loc: slouch couch
Quoting: KuKuKaChu
Indonesia, Switzerland agree to avoid double taxation

Jakarta (Antara News)- Indonesia and Switzerland agreed here to avoid double taxation by signing an amendement of the document on protocol for avoiding double taxation.

"This agreement is an important step to increase economic relations between the two countries especially to create a more conducive atmosphere for investment in Indonesia," Swiss ambassador to Indonesia, Bernadino Regazzoni, said.

He said today was also historic for the two countries following the arrival of Swiss Confederation President Micheline Calmy-Rey for the first time in the country on Wednesday for a three-day visit.

He said this was the right time to increase the two countries` bilateral relations in the political as well as economic fields.

The Indonesian foreign ministry`s director for West European Affairs, Ramli Sa`ud, meanwhile said that the amendment was done to adapt with the current situation.

"In principle, goods already taxed in Indonesia may not be taxed again in Switzerland and vice versa," he said.

Ramli said that the question of additional cost that had caused difficulties for businessmen to advance would also be addressed in addition to other problems by the ministry of trade which had the competence in the field.

He said Switzerland was one of the three big countries in Europe that had invested in Indonesia. Its investment in the country reaches three billion US dollars, he said adding there were now 75 Swiss companies operating in the country.

"Our bilateral relations have always been good. Switzerland is an advanced as well as neutral country," he said.

He said Switzerland had been interested to increase its economic relations with Indonesia in view of the country`s market potential. He said Indonesia had seen it as a good opportunity for increasing foreign investment in the country.

He said "there have been positive changes in Indonesia in the past two years." (*)



Wouldn't have thought Indo gov is doing substantial business with the Swiss.


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#44647 - 11 Feb 07 23:49 Re: ANT/Indonesia, Switzerland agree to avoid double taxation [Re: doremi]
riccardo Offline
Pujangga

Registered: 12 Oct 05
Posts: 2195
Loc: Jakarta
Quoting: nwgirl

Wouldn't have thought Indo gov is doing substantial business with the Swiss.



The Cendana Clique is said to have up US$40 billion stashed away in Swiss banks, likely one of Switzerland's largest private account holders. It may, in fact, be a subtle way of trying to recover that stolen loot and returning to the people of Indonesia, from whom it was plundered.

That is actually a very, very strange and misleading article by Antara (hmmm what else is new).

The real news on this cooperative agreement is that the two governments will now work together on law enforcement and investigation of ill-gotten loot in Swiss banks.
SBY said:
"This agreement will support the GOI's anti-corruption drive and endeavor to continuously uphold good governance, including the tracking of illegal assets stashed by Indonesians in Swiss banks."

Makes one wonder which side Antara is on...
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