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Commerce

Indonesia eliminates luxury tax on most goods

June 11, 2015

Fendi store in Jakarta, Indonesia Fendi store in Jakarta, Indonesia

 

By Staff reports

To combat slow growth in its economy and encourage consumers to purchase more merchandise at home, Indonesia has removed the luxury tax on most goods.

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  1. IWC social snow globe stirs up winter memories
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  5. Stuart Weitzman names Kim Kardashian as global ambassador
  6. Preloved items from Hermès hold highest resale value: The RealReal
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