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Debate on Jakarta sharia banking tax bill nears end

Posted on 12 June 2009

From Alibaba.com: Indonesia could decide by September whether to amend double taxation laws that make Islamic financial transactions costlier than conventional deals, a parliamentarian said on Wednesday.

The Indonesian parliament is debating a bill that would change the double taxation law. The tax hit holds back the expansion in Indonesia of the $1 trillion global Islamic financial industry, bankers and lawyers say……..Full Article: Source

 
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