$RIMM . Hitting a road block in Indonesia

Oct 7, ’11 9:28 AM
Author Categories Tech

In South East Asia, Indonesia is perhaps the fastest growing market for RIMM.

But, the following news does not sounds good:

Research In Motion (RIM) has cancelled its investment plan in Indonesia due to tax issues. RIM believes it would be taxed twice, both in Indonesia and Canada. However, Edy Putra Irawady, deputy coordinating economic minister for trade and industry said this is not actually the case as Canada and Indonesia cooperate to prevent such situations, the Jakarta Post reports. RIM reportedly has decided to invest in Malaysia instead. (Source : Telecompaper)

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