Cempaka Business and Economy: Indonesia, Hong Kong Sign Treaty on Taxes

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, March 24, 2010

Indonesia, Hong Kong Sign Treaty on Taxes

Jakarta Globe, Dion Bisara, March 23, 2010

Indonesia and Hong Kong sealed a taxation treaty on Tuesday that officials said would eliminate double taxation while reducing tax evasion through cross-border transactions. Finance Minister Sri Mulyani Indrawati and Hong Kong Finance Secretary John Tsang signed the pact in Jakarta.

Under the agreement, Indonesia will reduce taxes on Hong Kong investors’ income from dividends, royalties and interest from financial products, as well as profits generated by branches of Hong Kong companies operating in Indonesia.

Indonesia currently taxes these categories of income at 20 percent.

Syarifuddin Alsah, director of tax regulation at the Finance Ministry’s Directorate General of Taxation, said Hong Kong investors’ income tax on dividends and interest will be cut to 10 percent, while the tax on interest from financial products will be lowered to 5 percent.

Meanwhile, Indonesian companies operating in Hong Kong will no longer be subject to double taxation. Any Hong Kong tax paid by Indonesian companies will be deductible from any tax owed in Indonesia.

“This agreement hopefully is going to strengthen the integrity of Indonesia’s tax system, especially by allowing the exchange of taxpayers’ information, including bank information,” Sri Mulyani said. She added that the treaty will provide more certainty to cross-border investors. “It will enhance the economies of both countries,” she said.

Tsang said bilateral trade between Indonesia and Hong Kong grew by an average of 9 percent annually between 2005 and 2009.

“Last year trade between Hong Kong and Indonesia was worth $4.5 billion,” he said. “It’s hard to say the exact effect of the treaty but hopefully the trade of both countries will improve by double digits in the next five years or even sooner.”

Pontas Pane, interim director of intelligence and investigation at the Directorate General of Taxation, said the treaty would make it harder for people to evade taxes by hiding their assets abroad.

Chris Kanter, deputy chairman for investment at the Indonesian Chamber of Commerce and Industry (Kadin), said the treaty would help Indonesian companies that have branches in Hong Kong.

“Certainly this treaty with Hong Kong will boost our trade with them,” he said.

The tax agreement was the 59th signed by Indonesia. It has similar treaties with countries including the United States, the United Kingdom and Singapore.

It is the third such treaty signed by Hong Kong, which recently signed similar tax treaties with Brunei and the Netherlands.

Related Article:

HK Signs Tax Treaty With Netherlands; More Agreements Expected

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Wednesday, March 24, 2010

Indonesia, Hong Kong Sign Treaty on Taxes

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