Wednesday, October 11, 2006

United States’ Investors Complain about Taxes

Tuesday, 10 October, 2006 | 12:47 WIB

TEMPO Interactive, Jakarta: United States’ investors are complaining about taxes and licenses, their main obstacles to investment in Indonesia.
During the meeting between US-ASEAN Business Council and the Coordinating Minister for the Economy, Boediono, United States’ investors still query the two issues.


The executives attending the meeting were from Chevron, Coca Cola, Conoco-Philips, Exxon Mobil, Ford Motor, Freeport McMoRan, General Electric, HM Sampoerna—now controlled by Phillip Morris, Monsanto and Microsoft.

“They complained about taxes and licenses. They asked, if possible, that license administration be simplified. We replied that we will keep improving these issues gradually,” said Boediono after meeting the entrepreneurs at the Finance Department building yesterday (9/10).

However, according to Boediono, the investors expressed appreciation for Indonesia’s economic growth and intentions to increase their investments in Indonesia.
Matthew P. Daley, President of US-ASEAN Business Council, said the aim of the United States business delegation is to know what the Indonesian government’s priorities are. This is because it is important for the entrepreneurs to know what can be done.

Daley said the entrepreneurs conveyed appreciation for the impressive economic development and the democratization effects in Indonesia. Numerous investors, new ones or those who have left Indonesia, now want to come back. The United States company, General Electric, stated its interest to establish a locomotive factory in Indonesia. “Instead of importing, as what has been done so far.”



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