SINGAPORE/JAKARTA, Oct 9 (Reuters): Indonesia is set to become Asia's fourth country to introduce a carbon tax but analysts expect opposition from industries that have warned of implementation problems and higher power costs that could undermine manufacturing competitiveness.
The introduction of the tax is part of an ambitious tax overhaul, approved by parliament on Thursday, that includes raising value-added taxes (VAT) next year and cancelling a planned corporate tax cut.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
