Indonesia's Prabowo Considers Corporate Tax Cut, Report Says

PRABOWO SUBIANTO - JAKARTA. Indonesia's incoming president, Prabowo Subianto, will review the possibility of cutting the corporate income tax to 20% from 22%, CNBC Indonesia reported on Sunday, citing an adviser.

Prabowo, who takes office on Oct. 20, has pledged to improve tax compliance, seeking to boost tax revenue to 18% of gross domestic product. His team has said Prabowo plans to spin off the finance ministry's tax and custom offices to create a state revenue agency.

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