The Indonesian Parliament will vote today on whether to back the government's proposals for one of the country's most ambitious tax overhauls, including raising the value-added tax (VAT) rate, a new carbon tax and cancelling a planned corporate tax cut.

The government has said the Tax Harmonisation Bill is aimed at optimising revenue collection while ensuring a fairer tax system. This comes after the state coffers took a big hit last year due to the Covid-19 pandemic...