Steven Millward · · 1 min readIn brief: Amazon in talks to enter Indonesia, says government
According to the country’s Finance Minister Sri Mulyani Indrawati, as reported by KataData, the discussion with Amazon has been about the terms related to its planned investment, including tax and other regulations.
Source: Deal Street Asia
Amazon’s entry into Indonesia would mark its second move into Southeast Asia after its July 2017 expansion into Singapore.
“I’m now in discussion with Amazon, who is planning to enter Indonesia. I will make sure they comply with our country’s regulation, especially their readiness to pay the taxes,” said Indrawati.
Amazon would be up against Alibaba-owned Lazada, as well as Alibaba-backed marketplace Tokopedia.
Amazon has long been criticized for paying little tax, although Jeff Bezos’ company insists it pays all it’s due by law. In the UK, for example, it saw a fall in its recent tax bill – from US$9.7 million to US$6 million – despite a near-trebling of profits from UK shoppers. Bezos is the planet’s richest human.
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Editing by Judith Balea and Eileen C. Ang
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