KONTAN.CO.ID - JAKARTA. Indonesian tycoon Hary Tanoesoedibjo, a business partner of former U.S. president Donald Trump, launched on Monday construction on a movie studio as part of a tourism complex on Java island that is set to receive tax breaks. Lido City is the umbrella project located around 60 km (37 miles) south of the capital Jakarta in the Bogor area, where the Trump Organization will operate luxury villas, a resort and a golf course. The project has been designated a special economic zone (SEZ) for tourism, which means it can benefit from corporate tax cuts, luxury goods sales tax cuts and get some leniency on permits, PT MNC Studios International said in a statement.
Trump's Indonesia partner to build movie studio after securing tax breaks
KONTAN.CO.ID - JAKARTA. Indonesian tycoon Hary Tanoesoedibjo, a business partner of former U.S. president Donald Trump, launched on Monday construction on a movie studio as part of a tourism complex on Java island that is set to receive tax breaks. Lido City is the umbrella project located around 60 km (37 miles) south of the capital Jakarta in the Bogor area, where the Trump Organization will operate luxury villas, a resort and a golf course. The project has been designated a special economic zone (SEZ) for tourism, which means it can benefit from corporate tax cuts, luxury goods sales tax cuts and get some leniency on permits, PT MNC Studios International said in a statement.