Lastly, governments frequently battle budgetary deficits, which can result in many economic difficulties. By creating a new revenue stream, the installation of HWIT can aid in addressing these gaps. The higher tax rates for wealthy people can bring in a sizable amount of money that can be used to balance budgets, lower debt loads, or make investments in long-term infrastructure projects. This financial stability boosts the confidence of domestic and international investors and promotes overall economic stability.
Conclusion
HWIT implementation would be a new facade that manifests Indonesia's proactive move in the direction of encouraging economic stabilization. On the other hand, it's crucial to keep in mind that the success of HWIT in stabilizing Indonesia's economic climate can depend on some variables, such as its design, execution, and larger economic conditions. To make sure HWIT meets the required goals without having any undesired side effects, its impact should be properly assessed. MYK
