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New Indonesia stimulus starts with expanded tax perks

A wide range of companies investing more than 1 trillion rupiah will get lower taxes for between 5 and 15 years

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Mr Brodjonegoro says that the tax reductions for industrial investors will be between 10 per cent and 100 per cent.

Jakarta

TWO weeks after a cabinet reshuffle, Indonesian President Joko Widodo's revamped economic team promised a "big" stimulus plan as global market turmoil increases pressure on policy makers. The team's first act: an expansion of past tax holidays.

Chemicals, machinery,

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