Indonesia Won’t Rush to Impose Nickel Tax to Stay Competitive

Indonesia is still studying whether to impose a tax on nickel exports and isn’t looking to impose the levy immediately as it could hurt investors, said Coordinating Minister for Investment and Maritime Affairs Luhut Panjaitan.

• The country still needs to study the issue carefully, Panjaitan said in a <-bsp-bb-link state="{"bbHref":"bbg://securities/5350Z%20US%20Equity","_id":"00000185-1a69-dfe1-abbf-7bfd5f5c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Bloomberg TV interview with <-bsp-person state="{"_id":"00000185-1a69-dfe1-abbf-7bfd5f5e0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Tom Mackenzie on Friday
• Indonesia is always looking for a “win-win” solution, he added
• While the country doesn’t want to turn off investors, it also wants to remain competitive with other countries, Panjaitan said
• Previously, President Joko Widodo said his government may <-bsp-bb-link state="{"bbDocId":"RGUPONDWRGG2","_id":"00000185-1a69-dfe1-abbf-7bfd5f600000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">impose a tax on nickel exports ...