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Indonesia considers Bali tax haven plan for international financial hub
Bali newsBali4 min read
Indonesia's government is planning to establish an international financial hub in Bali, offering generous tax incentives to attract wealthy individuals and capital. This initiative aims to draw in foreign investment, though some economists warn of potential negative consequences, referencing the "Dutch Disease" phenomenon. This economic concept suggests that a sudden influx of foreign money can lead to an overvalued local currency, which could make other sectors of the economy less competitive.
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