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DAMPAK KEBIJAKAN QUANTITATIVE EASING DAN TAPERING OFF TERHADAP PERPAJAKAN INDONESIA: TINJAUAN LITERATUR Aribowo, Irwan Aribowo; Sigit, Tri Angga; Mahrus, Moh. Luthfi
JURNAL PAJAK INDONESIA Vol 7 No 2 (2023): Perkuat Perekonomian Melalui Transformasi yang Berkelanjutan
Publisher : Politeknik Keuangan Negara STAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31092/jpi.v7i2.2391

Abstract

Analysis of the impact of Quantitative Easing (QE) by the US Federal Reserve and the Tapering Off policy on developing countries including Indonesia, it is known that QE affects capital flows, currency exchange rates and financial markets in developing countries. The impact involves changes in fiscal policy, incentives, and changes in tax rates to address changes in capital flows and the effects of QE. Additionally, changes in the money supply affect local currency depreciation, production costs, and inflation. In the Indonesian context, investment capital withdrawals and Bank Indonesia policies play an important role in dealing with the impact of QE. Therefore, policy recommendations involve balancing monetary and fiscal policies, and considering fiscal variables in economic policy making. Policy measures including fiscal incentives, changes in tax rates, and consideration of fiscal variables in policy making reflect the important role of tax in managing the economic impact of QE and Tapering Off policies, especially in the context of developing countries such as Indonesia. Fiscal policy, including changes in tax rates, is used as an instrument to address changes in capital flows, exchange rates, and financial flows. It shows how taxes can be used as a policy tool to offset changes in the volatile global economic situation.
Analysis of the impact of people's business credit (KUR) on the economic performance of debtors Khabibi, Akhmad; Sigit, Tri Angga
Educoretax Vol 5 No 8 (2025)
Publisher : WIM Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/educoretax.v5i8.1859

Abstract

Micro, Small, and Medium Enterprises (MSMEs) constitute the backbone of the national economy but often face constraints in accessing financing. Since 2007, the People’s Business Credit (Kredit Usaha Rakyat, KUR) program has been designed to expand MSME financial inclusion through affordable loan interest rates and a broad distribution network. This study analyzes the impact of KUR on borrowers’ economic performance using a quantitative one-group pretest–posttest design. Primary data were collected to capture conditions before and after financing within a one-year observation window. Paired difference tests (Paired t-test/Wilcoxon) were applied according to data distribution. The results show significant increases in revenue (+17.10%), profit (+16.27%), and employment (+22.22%). These findings confirm the effectiveness of KUR in enhancing business productivity and income dimensions, although its social effects remain limited. Policy measures that promote business mentoring and financial literacy are recommended to extend KUR’s benefits toward transforming MSME business models.