According to Vice President Cevdet Yılmaz, Turkey has decided to abandon plans to impose taxes on stock trading profits and cryptocurrency investments. Yılmaz stated that an additional tax package is not currently on the agenda for 2024, which has eased concerns among investors. Instead, the government will focus on narrowing existing tax breaks as part of its broader economic strategy. The idea of taxing stock market profits had faced backlash earlier this year, particularly from the retail investment sector. Yılmaz's comments are likely to reassure investors, as trading volumes on Turkey's main stock exchange have significantly declined. The government's key priority is to restructure public finances, aiming to reduce inflation from 52% to single digits within three years. This move comes as Turkey's budget has been impacted by the cost of responding to earthquakes and pre-election spending.
Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”