Indonesia targets its crazy rich Asians with 35 per cent income tax in bid to heal coronavirus-hit economy

In a bid to boost government coffers decimated by the coronavirus pandemic, Indonesia is considering a sweeping tax overhaul that would add VAT to foodstuffs, education and health care, hike rates for high-net-worth individuals and put major carbon emitters in the firing line.Indonesian President Joko Widodo asked parliament recently to discuss proposals to amend the 1983 law on general tax provisions and procedures. A leaked draft of the government’s proposals showed it was seeking a new tax…