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Turkish lawmakers are poised to introduce a sweeping tax overhaul, primarily targeting corporations, to shore up the national budget following last year’s devastating earthquakes.
Author: Chirag Sharma
Turkish lawmakers are poised to introduce a sweeping tax overhaul, primarily targeting corporations, to shore up the national budget following last year’s devastating earthquakes. This move represents the most significant change to Turkey’s fiscal policies in decades. Key aspects include:
In addition to the corporate tax overhaul, Turkish lawmakers are preparing to implement new regulations for the Bitcoin industry. This week, a draft measure centered on cryptocurrency regulation is anticipated to be presented to parliament. Key elements include:
Overall, the proposed tax overhaul and the introduction of the Turkey Crypto Tax reflect Turkey’s strategic efforts to strengthen its economy and enhance regulatory oversight in the financial sector. These measures are anticipated to:
The comprehensive changes underscore Turkey’s commitment to integrating the crypto industry into the broader financial system while addressing critical fiscal challenges.
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