RIM cancels investment in Indonesia over tax issue

Friday 7 October 2011 | 02:49 CET | News
Research In Motion (RIM) has cancelled its investment plan in Indonesia due to tax issues. RIM believes it would be taxed twice, both in Indonesia and Canada. However, Edy Putra Irawady, deputy coordinating economic minister for trade and industry said this is not actually the case as Canada and Indonesia cooperate to prevent such situations, the Jakarta Post reports. RIM reportedly has decided to invest in Malaysia instead.

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Categories: Mobile & Wireless
Companies: Research In Motion
Countries: Indonesia
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