CandleFocus Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
2024-09-27
Author: Content Editor
Turkey has decided to abandon plans to introduce a new tax targeting stock market and cryptocurrency gains. Vice President Cevdet Yilmaz stated that the government does not currently have a stock tax on its agenda and that the focus will instead be on reducing tax exemptions. This decision comes as Turkey aims to stabilize the economy and reduce inflation, with concerns about the stock market being considered. The country is also working on improving public finances and plans to lift offshore swap regulations to stabilize the currency and lower inflation.
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