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Indonesia to Impose Export Tax on Coal |
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Friday, 01 June 2012 11:42 |
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Indonesia will tax coal exports. According to The Jakarta Post, the Trade Ministry’s Director General of Foreign Trade Deddy Saleh, said, “We have come to the conclusion that coal has to be subjected to export tax.
We need to apply export tax on coal to prevent over exploitation, to maintain our coal reserve, to protect our environment, and to increase state earnings.” Indonesia had earlier said it would apply export taxes to other minerals, creating uncertainty in the country’s large mining sector, but until now it was unclear whether coal would be included. |
