Indonesia smartphone sales could fall 50 percent under tax p

The Jakarta Globe - The Indonesian representatives of Apple Inc, Samsung Electronics and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models.

The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah ($430), which would make Indonesia the most expensive country in Asia to buy an Apple iPhone 5s.

Read more...