Pandangan dan pendapat yang dikemukakan dalam artikel ini adalah dari penulis dan tidak mencerminkan kebijakan resmi dari Badan Kebijakan Fiskal , Kementerian Keuangan , Republik Indonesia
The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy from Fiscal Policy Agency, Ministry of Finance, Republic of Indonesia
Financial development can affect growth via three channels (Pagano, 1993 in Giannetti, et.all, 2002): (i) it can raise the fraction of savings funneled to investment, reducing the costs of financial intermediation; (ii) it may improve the allocation of resources across investment projects, thus increasing the social marginal productivity of capital; and (iii) it can influence households’ saving rate.
RCEP formation initiatives coming from Indonesia. The initiative has been made based on the response of ASEAN to maintain ASEAN centrality of the Chinese proposal regarding the establishment of the East Asia Free Trade Agreement (ASEAN + 3) and the Japanese proposal that wants Closer Economic Partnership in East Asia (ASEAN + 6) and the level of liberalization of trade in goods on trade cooperation ASEAN free (ATI-GA) and ASEAN + 1 (AANZFTA, ACFTA, AIFTA, AJCEP, AKFTA) average about 90%. Thus to optimize traffick-ing in the region need to be made of the free trade agreements in the region. However, RCEP not negate free trade agreement ASEAN free trade (ATIGA) and ASEAN + 1 (AANZFTA, ACFTA, AIFTA, AJCEP, AKFTA) said existing. The RCEP concept was initially endorsed by ASEAN leaders in November 2011. At ASEAN’s invitation officials from Australia and ASEAN’s five other FTA partners - China, India, Japan, ROK and New Zealand - participated in preparatory discussions in the latter half of 2012 to develop Guiding Principles and Objectives for Negotiating the RCEP, which were considered by ministers in August 2012. At the 7th East Asia Summit on 20, November 2012, then Prime Minister Julia Gillard and then Minister for Trade and Competitiveness Dr. Emerson joined Leaders from ASEAN and ASEAN’s FTA partners to officially launch the RCEP negotiations.
Menteri Keuangan Sri Mulyani Indrawati, pada acara International Tax Conference (Jakarta, Juli 2017), mengatakan bahwa tax-to-GDP ratio atau rasio pajak terhadap Pendapatan Domestik Bruto (PDB) Indonesia relatif stagnan sejak tahun 2008. Berdasarkan country report yang dikeluarkan oleh International Monetary Fund (IMF) untuk Indonesia pada tahun 2017, rasio pajak terhadap PDB Indonesia saat ini sekitar 12 persen dan berada di bawah rata-rata rasio pajak regional ASEAN yaitu sebesar 15,4 persen.