Why Indonesia Needs Legal Trust, Not Tax Cuts, to Build a Finance Hub Indonesia's bid to become a major financial hub in Southeast Asia has been gaining momentum, but its efforts remain unclear due to a lack of focus on the right issues.
While tax breaks and incentives have long been touted as key to luring global capital, recent trends suggest these measures are no longer sufficient to win over investors.
A growing number of analysts argue that Indonesia's finance hub ambitions would be better served by addressing its legal infrastructure and regulatory stability rather than simply cutting taxes.