Indonesia’s President Mulls Imposing Export Tax on Nickel to Boost Revenue

Indonesia’s President Mulls Imposing Export Tax on Nickel to Boost Revenue
This picture taken on March 30, 2019 shows a worker manning a furnace during the nickel smelting process at Indonesian mining company PT Vale's smelting plant in Soroako, South Sulawesi. Bannu Mazandra/AFP via Getty Images
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Indonesia’s president said Thursday that his government is considering imposing a tax on nickel exports this year to increase revenue and promote higher-value local manufacturing.

The nickel export tax is intended to “add value” to Indonesia, raise state revenues, and create more job opportunities for Indonesians, President Joko Widodo said in an interview with Bloomberg.
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