Indonesia’s tax office said it had already assigned tax identification numbers to Amazon Web Services, Netflix, Spotify and Alphabet’s Google for its Google Asia Pacific, Google Ireland, and Google LLC units. — Reuters pic
The South-east Asian country’s tax office said in a statement that it had already assigned tax identification numbers to Amazon Web Services, Netflix, Spotify and Alphabet’s Google for its Google Asia Pacific, Google Ireland, and Google LLC units. It expects a 13 per cent yearly drop in state revenue this year as the pandemic hits business activity, which combined with nearly US$50 billion for the fight against the coronavirus is forecast to more than triple its 2020 budget deficit.
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