Parliamentary inquiry launched into Indonesian coal producer
June 12, 2008
Transfer pricing at the heart of alleged state losses of $63 million
A transfer pricing inquiry is expected to be launched into Indonesia’s second largest coal producer after allegations were made that it had caused losses to national revenue of $63 million. Members of the Indonesian House of Representatives are claiming that the company PT Adaro Energy deliberately sold coal at below market value to minimise its tax liability.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.