Up in Flames
There are mixed reactions from cigarette manufacturers to the change from an ad valorem to a semi-specific excise tax system. While some will lose out, others could go bankrupt.
September 25, 2001
UP to now, the government has been unable to convince cigarette manufacturers about the positive aspects of the semi-specific excise tax system. There are only three months left to decide whether or not this system should be applied and replace the current ad valorem system. This decision is a very important one because it will affect whether or not the government will be able to achieve the Rp22.3 trillion targeted revenue from excise tax i
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