Indonesia, France: Booming Economies in Global Environment - Research Paper

Introduction

Indonesia's economy has been on the rise, taking its legitimate state as a significant destination for foreign direct investment (FDI) (Khaliq & Noy, 2007). Due to the uniqueness associated with Indonesia, it is hardly ignored. France was ranked the world's seventh-largest powerful in the economy since it has been gaining momentum by building its economy on a more buoyant global environment with the growing domestic business and consumer confidence (Sundararajan, 2016). Though, France has been encountering large deficits in trading goods reflecting the net energy imports, which is also weak in relative to the competition of manufactured goods. Employment status in Indonesia was for an indefinite period though even possible for employment contracts for fixed-term periods (Nordas et al., 2006).

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There are regular updates regarding export overview offers and highlights of challenges and opportunities for UK businesses in France (Balcaen & Ooghe, 2006). This gives guidance regarding start-up issues, legal consideration, taxes, and customs and entry measures. Taxation in France is usually determined yearly by the French parliament defining kinds of taxes levied with rates applied. Charges are classified regarding the institution which undertakes the collection and benefits from them as well to people who make payments (Endres & PricewaterhouseCoopers, 2007). People having their tax residence in France are subject to French tax. Thus, they are natural or legal persons either residing in France. Indonesia has a wide variety of charges that companies, investors, and individual persons need complying with. All residents in Indonesia, inclusive of those holding the stay permit and also receiving salary, are all responsible for personal income tax reports in India (Arnold, 2012). Unlike in France, Indonesian taxes are friendly.

For the hiring process in France, one must sign a contract under French labor law and employees, thus enjoying high legitimacy. The hiring of employees is quite expensive in France (Supiot et al., 2001). Employees pay taxes on their own since France has no pay-as-you-earn system. Indonesia has emerged the most significant emerging market globally, concerning the increase in attraction of foreigner seeking work. Searching for a job opportunity in Indonesia tends to be difficult (Dawar & Chattopadhyay, 2002).

France, with another member of states, has established a network of bilateral and regional trade deals (Lesser, 2007). France is harmonized with international agreements that regulate the protection of intellectual work through intellectual property code (Lester et al., 2016).

References

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Endres, D., & PricewaterhouseCoopers, L. L. P. (2007). The determination of corporate taxable income in the EU member states. Kluwer Law International BV.

Khaliq, A., & Noy, I. (2007). Foreign direct investment and economic growth: Empirical evidence from sectoral data in Indonesia. Journal of Economic Literature, 45(1), 313-325.

Lesser, C. (2007). Make bilateral and regional approaches for reducing technical barriers to trade converge towards the multilateral trading system?.

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Sundararajan, A. (2016). The sharing economy: The end of employment and the rise of crowd-based capitalism. MIT Press.

Supiot, A., Meadows, P., & Casas, M. E. (2001). Beyond employment: Changes in work and the future of labor law in Europe. Oxford University Press on Demand.