Government's Strategy to Position Bali as New 'Tax Haven' for Global Investors

The government is beginning to assess locations and incentives that could be rolled out for the establishment of a Special Financial Economic Zone (SEZ) in Bali. The Kura-Kura KEK in Bali is considered one of the potential locations to accommodate investments from various countries with the ‘sweetener’ of tax exemptions. President Prabowo Subianto is said to have given instructions to the government and Danantara to immediately execute the plan. A special task force under the Coordinating Ministry for Economic Affairs will be formed to conduct the assessment and all preparations.