Indonesia’s Tax Amnesty Enters Its Third Phase With Good Results

Indonesia is now in into the 3rd phase of their tax amnesty scheme. That was introduce in July of 2016 to help boost. The nation’s dwindling revenue by reclaiming previously unreported money. That were hidden by wealthy people in the United States and abroad.

The nation has struggled for a long time to increase tax revenue and has seen over 600,000 taxpaying. Taxpayers enroll in the scheme, earning an estimated $8 billion from the two initial phases of the scheme.

The first report period that ended in October last year was more than anticipated. Generating $7 billion, or about two-thirds of the revenue goal. In the second report period, which concluded on December 31, 2016, and resulted in a lower sum of $1 billion.

More than 27,000 new taxpaying citizens have been registered since the launch in the first phase of the programmer. It is yet to be determined if Indonesia will meet its tax amnesty objective at US$12.4 billion at the close in the 3rd. Phase of the program in March The achievement of the first phase led to financial experts to praise it as an example of one that is effective worldwide.

Exceeding Expectations Amnesty

Many people, including the IMF initially were skeptical about Indonesia’s chances of earning substantial revenue through the amnesty. However, the acceptance of the plan has removed doubts.

The amount of money that Indonesia has generated through it is much more than similar programs. Which have been introduced in other countries, like India, Greece, Germany and Canada.

One of the main factors that enticed a lot of Indonesians to disclose. Their assets was the low tax rate that the program charges. In the initial round it was only the tax rate of 2% on declared financial. Assets in Indonesia in addition to 4% on foreign assets. The tax rate rises incrementally over time, eventually reaching 10 percent for offshore assets in the third period.

The OECD has criticized the low tax rates in Indonesia because they were too generous to tax people who cheat. In September thousands of union members from Jakarta were protesting against tax-amnesty plan and criticized the way it grants pardons to wealthy tax cheats.

The government’s local financial ministry thinks that the low interest rates were the primary element behind the high adoption for the scheme.

Additional Incentives Amnesty

The Indonesian government ignores the sources of the money being report to make sure taxpayers benefit from the scheme. Also, it ignores the previous incorrect reporting of assets and guarantees confidentiality to participants in the amnesty programmer.

Some wealthy businessmen, like the CEO of the Lippo Group James Riady have publicly declared their involvement and have urged other businessmen to disclose their wealth too.

The tax amnesty program in Indonesia is perfectly time. In September 2017, the nation will begin sharing tax information with other countries as members of the Organization for Economic Cooperation and Development’s Automatic Exchange of Information initiative. This means that the country will begin receiving information regarding offshore assets held by its citizens from tax authorities that are part of the program. As of July 16 101 tax jurisdictions were join the program.

The new law will mean tax evaders will have to work difficult to conceal their financial data from authorities as banks won’t be allow to conceal information regarding their customers who not residents of the country.

The Last Part Of The Period

In the third quarter the the finance minister Sri Mulyani anticipates small and medium-sized enterprises to contribute significantly to tax revenues.

The majority of taxpayers benefiting from the first phase of tax amnesty are wealthy tycoons that had assets offshore The majority of the taxpayers who reported in the second phase of tax amnesty came from small and medium-sized businesses.

They contribute nearly US$196 billion which is 55.6 percent of Indonesia’s GDP, but the revenue in this second stage was 10 times lower than that of the first phase.

The program’s success therefore rests on the final cycle of reporting. Finance Ministers should work in conjunction with Ministry of Cooperatives and Small and Medium Enterprises to collect the names of companies and ask them to declare their assets.

Extending The Tax Amnesty Base

The achievement that the tax amnesty scheme to date is a positive effort to boost the tax revenues of Indonesia. However, If Indonesia is truly interest in increasing its tax revenues it needs to find ways to expand the tax base.

Indonesia has an estimated population of 250 million however only 26 million are register as tax payers. This is a small percentage that has led to the nation’s deficit in its budget. Estimated to be $25 billion in 2017, or approximately 2.41 percent of the GDP.

The government has a lot to do in order to educate the population on tax compliance. One of the things that it could do is to link tax compliance with moral or religious ideas. Religion plays an integral role within Indonesian society. The influence of religion can affect people’s behavior and make them less inclined to engage in tax fraud.

The research has revealed an association between religion and morale in the tax. System in Spain as well as The United States, and it could be the same in Indonesia.

Americans Cover By Medicaid Or CHIP Program Insures Low-Income

As of July 20, 2021 the total number of 83.6 million Americans were cover by one of two programs: Medicaid or through the Children’s Health Insurance Program.

This is nearly 1 in 4 Americans that’s 76.7 million insure under Medicaid in addition to 6.9 million by CHIP. Both of these health insurance programs are jointly fund by both the federal and state governments. Medicaid offers health insurance to those who are low-income, the majority of whom are age 64 or less.

CHIP offers health insurance for children and pregnant women who’s families earn a low amount but aren’t able to be eligible for Medicaid.

The Affordable Care Act’s Impact Americans

Before states began expanding Medicaid in 2014 under the Affordable Care Act the program was smaller, with just 55 million people in 2013. To date 38 states as well as The District of Columbia have expanded Medicaid access and have received financial aid from the federal government.

Prior to ACA prior to the ACA, many states were more restricted about the people who could be enroll in Medicaid which was a program establish in the wake of the an important law that president Lyndon B. Johnson signed into law in 1965. Following the passage of the ACA the federal government start to shoulder greater costs associate with the program by paying at about 90percent of the cost for those who were newly enroll as part of the expansion of the program.

In the present, all adults living who reside in Medicaid expansion states under 65 and earning lower than 138 percent or the Federal poverty threshold are qualified to apply for Medicaid. In 2022, anyone who is a single person with no dependents and earns an annual income of at least $18,754 is eligible, as is the family of four who earns as much as $38,295.

Rules For Eligibility In Americans States

The rules for eligibility in states with no expansion differ greatly and exclude a greater number of low-income individuals. CHIP was enact into law in 1997. Similar to the Medicaid expansion, it was not mandatory however it was enact across the states in three years before the year 2000.

(Unfortunately, 4.3 million children remain without insurance, and many of them are poor, reside in states that are not expanding or a state that has more strict income eligibility requirements for CHIP. Even if children are eligible to Medicaid or CHIP however, they might not be in the program because of their parents’ inadequacy knowledge or their state’s lack of outreach.

The rate of Medicaid expansion since 2014 has been much slower than CHIP implementation. Twelve states are yet to join by February 2022. However, the debate about expanding is ongoing. However, Medicaid’s dramatic enrollment growth has lowered the percentage of uninsured individuals.

Fewer Uninsured Americans

Around 91.4 percent of Americans were cover under either private or public health insurance coverage at the very least. Until 2020, which leaves an estimated 28 million Americans with no health insurance, as per the Census Bureau. In 2013, 86.7 percent of the population was cover.

In our state Missouri is expanding Medicaid on October. 1st 2021. According to the state, up to 275,000 people will be eligible. However only 64,000 were enroll during the initial five months. Oklahoma has expanded Medicaid during July of 2021, enlisting more than 200,000 within the initial few months. South Dakota may be next and its voters will decide. Whether or not to extend Medicaid in the fall of 2022.

In those 28.6 million Americans who have enroll in Medicaid or CHIP since the ACA was implement. Approximately 60% have enrolled in protection prior to outbreak of COVID-19.

Responding To COVID-19, The Pandemic

In March 2020 the federal government reacted to what it correctly predicted. As the rapid growth of Medicaid in addition to CHIP coverage.

In the midst of it the recession was robbing millions of workers. Of their stability in their lives which included health insurance. Medicaid enrollments tend to increase in recessions when people are eligible because of lower incomes. The pandemic was no exception and was particularly prevalent in 2020.

What’s unique this time is that states that manage Medicaid and CHIP aren’t allow to exclude anyone from the program. During this time regardless of whether they would be denied the eligibility because of greater earnings.

The restriction will be in place for until the declared a health emergency is in force. To assist states in coping with the increasing financial burden. Federal government has increased its portion of Medicaid payments to states.

In January 2022 in 2022, the Biden administration extended. The declaration of a public health emergency for an additional three months. Its emergency declaration set to expire on the 16th of April.

When this program expires, millions of people who been cover under Medicaid however now earn enough money to be eligible might lose their status. Particularly those who live in states that haven’t been able to expand Medicaid.

It not known if the amount of Americans who enroll within these plans will decrease dramatically. It’s partly because more people are now able to access to Medicaid initially. Thanks to the participation of their states in the expansion.

Strategies Employers Can Use To Address Workplace Mental Health

COVID-19 has taken a severe mental health affliction on a lot of U.S. workers. Like many Americans Workers have also suffered the loss of loved ones and relationships to family and friends and the ease of their daily social life.

The pandemic has also brought particular pressures on workers, including the risk of losing their jobs as well as the sudden changes in working at home as well as the added workload. Workers who are on the frontline must be at risk of infecting others and have to deal with increasingly hostile interactions with customers.

In the end, many of these employees particularly such as doctors, nurses and teachers are afflict with an increase in anxiety, depression, and sleep issues. Americans drink a lot of drinking alcohol, eating too much, and are doing lesser physical activities. A third of them are overweight since the beginning of the epidemic.

I study the negative effects of stress on sleep and health. I also witness the effects of stress during my job as a psychotherapist treating firefighters in the area for stress, as well as other issues they face at work as well as in their daily lives.

I’ve observed that employees are more in navigating problems with mental health when their employers have a strategy in place. Based on my own research along with other studies I’m convince that there are five strategies that businesses can adopt.

Creating Clear Policies Health

Due to the higher stress levels that are caused by the epidemic, managers could see more employees experiencing problems with their personal lives or have disruptive behavior that affects their performance at work.

The psychological stress can cause destructive behavior, like screaming at colleagues or throwing objects at them in anger. In the opposite direction employees could be unable to communicate or may avoid working with others. Some employees might express suicidal thoughts on social media, or through various other methods.

Managers could be confused about what to do to handle these kinds of disruptive behavior that can be accidental

Develop An Explicit Workplace Health

The first step for any company is to develop an explicit workplace policy that describes the different kinds of disruptive behavior that indicate an employee isn’t currently competent to perform their task. The policy should address the procedure for temporary release or treatment and evaluation requirements and the conditions that must be followed for returning to work. A policy of this kind gives clarity to both employees and supervisors.

For instance, suicidal or violent thoughts could require immediate intervention and a appointment with an occupational health professional. The doctor can ensure that the employee follows the necessary treatment program prior to returning to work. People who are grieving over an unexpected loss or a an increase in symptoms of a mental illness could benefit from medical leave for family members as well as a short-term job change.

It is important to note that, as per the American with Disabilities Act, employers must make reasonable accommodations for people with mental health conditions without causing an unreasonable hardship for the company.

The most important thing is that managers require guidelines and procedures for how to handle problems with behavior, including specific measures to gauge the severity of the problem and its impact on coworkers and overall performance in the workplace.

Collaboration With Mental Health Professionals

Many people who are affect by the pandemic aren’t suffering from mental health issues that are obvious. They could instead have a disturbance in their lives that has a direct impact on their job.

A good example would take an example of an employee who has to spend much of the time in the office discussing the marital tension that occurred during the home quarantine period, thereby disrupting work productivity.

In this situation an effective mitigation plan for a supervisor or colleague is to refer the employee to a psychiatrist or another support resource for assistance. In these instances it’s beneficial to establish an established relationship with a local service provider in order for employees to be acquaint with the options available.

More than half of all civilian employees are enroll in the employee aid program that provides confidential, free counselling to employees. Larger companies might have internal programs that give the direct the ability to access mental health specialists. Even smaller companies could establish partnerships that provide employees access to counselling on an individual basis.

Prevention Of Illness Through Wellness Programs

Employers can also adopt more of a proactive approach. Workplace wellness programs aid in preventing mental health issues by teaching employees new abilities that help build resilience that can serve as a buffer to the negative impacts of stress.

Programs for workplace wellness that promote mental health typically train the skills to manage stress. The programs that promote positive feelings can also boost productivity.

While these programs could be beneficial and have a positive effect on health, participation by employees is usually low. To boost participation, it’s crucial to involve employees in the selection of the programs they want to implement.

Also, participation increases when managers are supportive of the program. This usually will require training for managers about the program and ways to spread it among employees.

The Fight Against Stigma Associated With Mental Health

Patients suffering from mental illness or struggle with mental illness often have to face significant stigma. People may avoid seeking treatment due to fear over losing work, or being perceive differently.

Employers can combat stigma on a organizational level by discussing mental health issues. In the same way as they do with physical ailments and by promoting. Awareness of mental health issues within their organization.

Another approach is to teach dedicated employees to help colleagues in need. And then become advocates for wellness and mental health services. As some employees might feel more comfortable talking to a friend rather than a psychiatrist. And these internal advocates are able to serve as a bridge between the employees and the mental health services.

The companies can also design programs that allow employees to listen to individuals suffering. From mental illness speak about their own struggles and the way they overcome these challenges. Research suggests that having these connections with friends can help reduce stigmatization at the very least for a short time.

Promoting Social Support Through Teamwork

In addition, a substantial body of research shows that social support can mitigate the effects of stress. More than 140,000 readers depend upon The Conversation’s monthly newsletters to learn about the world. Join today. It’s free.

Social connections with the people who surround you can help to build what psychologists refer to as collective efficacy. Or an underlying belief in the ability of a group to cooperate and overcome challenges in order to reach objectives. Collective efficacy can improve the performance of a group and is an essential component in the process of resolving trauma.