Garuda - Garba Rujukan Digital

Comparative Study of Tax Incentives in Indonesia, Malaysia, and the United States of America to Support Research and Development Irwanto Irwanto; Meilani Meilani
Journal of Accounting and Management Innovation Vol 6 No 2 (2022)
Publisher : Universitas Pelita Harapan Medan Campus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/jam.v6i2.538

Studies found that R&D help promoting a country’s economic growth. It is important for Indonesia to consider this as a long-run solution to escape middle-income trap since Indonesia’s R&D spending has been below 1% every year. Further studies call for tax incentives as a solution to this problem. The purpose of this study is to compare different tax incentives schemes for R&D, along with giving recommendation to implement those. The approach in this study is qualitative descriptive method with literature review and secondary data. Indonesia provides R&D incentives as additional incentives to other schemes such as investment incentive schemes. However, a new regulation has been formed, PP No. 45 Tahun 2019, to provide R&D based tax incentives which gives 300% deduction on eligible R&D expenses. Yet, the eligibility has not been issued until now. R&D based tax incentive schemes in Malaysia have come to a fruitful success for its brink to reaching high-income country status. Malaysia provides 200% deduction for eligible R&D expenses, tax holiday and investment tax allowance for R&D companies and in-house R&D. Contrarily, the US treat eligible R&D expenses as deductible expenses and give tax credit of 20% or below, determined by historical financial data. This study concludes that Indonesia should define R&D for tax purpose, quickly assess which industry and activities are eligible for 300% super deduction and take Malaysia as an example in the assessment. Finally, Malaysia should slowly reduce unfavourable tax incentives, which are losing potential income, and give other tax incentives which can be a win-win solution to both parties. Keywords: Tax. Incentives, Research and Development, Innovation, Economic Growth, Indonesia, Malaysia, the United States of America.

Analysis of Beneficial Owner Comparison in Tax Treaty between Indonesia-Hong Kong and Indonesia-Netherlands Jimmy Jimmy; Meilani Meilani
Journal of Accounting and Management Innovation Vol 7 No 1 (2023): Journal of Accounting and Management Innovation
Publisher : Universitas Pelita Harapan Medan Campus

Show Abstract | Download Original | Original Source | Check in Google Scholar

Research found that implementing a tax treaty agreement can assist a country in increasing its economic growth, besides to prevent the imposition of double taxation as its main goal. Indonesia has already signed many tax treaty agreements with countries around the world, such as with Hong Kong and Netherlands that have been discussed most until today. The purpose of this research are to compare the different of beneficial owner application in tax treaty between Indonesia-Hong Kong and Indonesia-Netherlands on passive income such as dividends, interest, and royalties and to know the positive and negative impacts that can effect to Indonesia under having these tax treaty agreements. The research design and method used in this research is qualitative descriptive method along with literature research and using secondary data. The Indonesia-Netherlands tax treaty is one of Indonesia’s biggest tax leaks with 27 cases of disputes and resulting in big tax losses for Indonesia. Contrarily, no cases of disputes have been found related to the tax treaty agreement between Indonesia-Hong Kong up to now. Moreover, Indonesia and Hong Kong’s tax treaty agreement are also significantly bringing more investor from Hong Kong to Indonesia rather than from the Netherlands. This research concludes that Indonesia should establish more tax treaty agreement especially with the country that has a lot of economic activities with the aim to prevent the imposition of double taxation and also given an opportunity for Indonesia to enhance economic growth as well as also to increase the tax revenue. Keywords: Tax Treaty, Double Taxation, Beneficial Owner, Economic Growth, Indonesia, Hong Kong, Netherlands

Analysis of Beneficial Owner Comparison in Tax Treaty between Indonesia-Hong Kong and Indonesia-Netherlands Jimmy Jimmy; Meilani Meilani
Journal of Accounting and Management Innovation Vol 7 No 1 (2023): Journal of Accounting and Management Innovation
Publisher : Universitas Pelita Harapan Medan Campus

Show Abstract | Download Original | Original Source | Check in Google Scholar

Research found that implementing a tax treaty agreement can assist a country in increasing its economic growth, besides to prevent the imposition of double taxation as its main goal. Indonesia has already signed many tax treaty agreements with countries around the world, such as with Hong Kong and Netherlands that have been discussed most until today. The purpose of this research are to compare the different of beneficial owner application in tax treaty between Indonesia-Hong Kong and Indonesia-Netherlands on passive income such as dividends, interest, and royalties and to know the positive and negative impacts that can effect to Indonesia under having these tax treaty agreements. The research design and method used in this research is qualitative descriptive method along with literature research and using secondary data. The Indonesia-Netherlands tax treaty is one of Indonesia’s biggest tax leaks with 27 cases of disputes and resulting in big tax losses for Indonesia. Contrarily, no cases of disputes have been found related to the tax treaty agreement between Indonesia-Hong Kong up to now. Moreover, Indonesia and Hong Kong’s tax treaty agreement are also significantly bringing more investor from Hong Kong to Indonesia rather than from the Netherlands. This research concludes that Indonesia should establish more tax treaty agreement especially with the country that has a lot of economic activities with the aim to prevent the imposition of double taxation and also given an opportunity for Indonesia to enhance economic growth as well as also to increase the tax revenue. Keywords: Tax Treaty, Double Taxation, Beneficial Owner, Economic Growth, Indonesia, Hong Kong, Netherlands

THE INFLUENCE OF INFLATION RATE, RETURN ON EQUITY AND DEBT TO EQUITY RATIO TOWARD STOCK PRICE OF MINING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE Wiria Atmaja Kusuma; Meilani Meilani
Jurnal Penelitian Akuntansi (JPA) Vol 3, No 1 (2022): April
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Many companies in Indonesia try to grow by relying on the stocks by issuing their stocks to the public including the mining companies. In order to know which stock to buy, many investors will use the indicators. Some of the indicators that are used by the investors involve the Return on Equity (ROE) and Debt to Equity Ratio (DER). The other factor that also needs to be taken into consideration is the macroeconomic condition of a country such as Inflation Rate. The purpose of this research is to determine the influence of Inflation Rate, Return on Equity, and Debt to Equity Ratio toward the Stock Price of mining companies listed on Indonesia Stock Exchange. The sampling method that is conducted in this research is purposive sampling method were based on this sampling method, there are 11 companies that are chosen as the samples of this research. The data analysis is this research is conducted by using multiple linear regression analysis using IBM SPSS Statistics 25.0.Based on the result of this research, it can be seen that Inflation Rate and Debt to Equity Ratio partially have insignificant influence toward Stock Price of mining companies listed in Indonesia Stock Exchange. On the other hand, Return on Equity has significant influence toward the Stock Price of mining companies listed on Indonesia Stock Exchange. It is also showed by the result of this research that Inflation Rate, Return on Equity, and Debt to Equity Ratio simultaneously have significant influence toward Stock Price of Mining Companies listed on Indonesia Stock Exchange. The percentage of contribution of Inflation Rate, Return on Equity, and Debt to Equity Ratio toward Stock Price is 52.3%. This indicate that 47.7% Stock Price is influenced by other variables. Keywords: Inflation Rate, Return on Equity, Debt to Equity Ratio, Stock Price

Title

Found 4 Documents
Search

Abstract

Abstract

Abstract

Abstract

Title Search

Found 4 Documents Search

Abstract

Abstract

Abstract

Abstract

Title

Found 4 Documents
Search