The Impact of Tax Amnesty on Stock Price Index and Exchange Rate in Indonesia

Wahyuningtyas, Endah Tri (2018) The Impact of Tax Amnesty on Stock Price Index and Exchange Rate in Indonesia. In: Proceedings International Conference on Technopreneurship and Education (ICTE 2018), 14 November 2018, Best Western Papilio Hotel.

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Official URL: https://conferences.unusa.ac.id/index.php/ICTE18/a...

Abstract

This research tries to find out the impact of the tax amnesty policy carried out by the Indonesian government in order to increase capital in flow in Indonesia through capital declaration and repatriation to the country so that it can influence the stock price index on the Indonesia Stock Exchange and the rupiah exchange rate against the US dollar. This study uses a qualitative research method with an event study approach that analyzes trends in the stock price index and exchange rate movements during before and after the announcement of tax amnesty policy on companies listed on the IHSG. The sample of this study uses stock price index data on the IHSG and the exchange rate of the rupiah and US dollar during the tax amnesty policy before and after the July 2016 to March 2017 taken from IDX publications and Bank Indonesia. Analysis of description of research data using analytical trends. the tax amnesty program that encourages the repatriation of funds from abroad into the country has an impact on the increase in the amount of investment reflected in IHSG where balanced of payment of the amount of capital inflow on the capital side has increased. the implementation of the tax amnesty is very influential in the rupiah exchange rate, this can be seen in period 1 where when the ransom is 2 percent, the taxpayer is very enthusiastic in announcing his property so that it affects the supply and demand of the rupiah against the dollar.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Tax Amnesty, Stock Price Index, Exchange Rate
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Economics and Business > Program Study of Accounting
Depositing User: Mr. . Bagas
Date Deposited: 30 Apr 2021 02:23
Last Modified: 30 Apr 2021 02:23
URI: http://repository.unusa.ac.id/id/eprint/6515

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