ANALISIS PENGARUH INVESTABLE ASSETS TERHADAP PENGHASILAN DALAM RANGKA PENGGALIAN POTENSI PAJAK HIGH WEALTH INDIVIDUAL DI INDONESIA

Abstract

This paper aims to provide a method that can be used as a guide or basis in determining the target analysis of the high wealth individual (HWI) taxpayers. Personal income tax revenue in Indonesia is still relatively minimum. Moreover, the tax gap for this sector is also high. Therefore, this paper tries contributing to the discussion by using a panel data regression of 2.850 HWI’s annual tax returns from 2017 to 2018 to examine the effect of investable assets on HWI’s income in Indonesia. The empirical evidence suggests that investable assets are significantly and positively correlated with HWI’s income. The result shows that every 100% increase in investable assets will raise HWI’s income as much as 5,3%. This result could be used as consideration to put HWI taxpayers who have a ratio of ‘increase in income’ to ‘increase in investable assets’ less than 5,3% on the target analysis lists, so that the extra effort to optimize tax revenue from HWI sector can be more focused, efficient, and on target.