merlin

Member
Turkey plans to cut corporate tax by 2-3 pct pts in 2006....
Turkey plans to cut corporate taxes by 2-3 percentage points from the current level of 30 percent at the start of 2006, Finance Minister Kemal Unakitan told Reuters in an interview on Thursday.

He also said Turkey's 2005 budget deficit may be YTL 8-9 billion lower than the government's YTL 29 billion target.

The corporate tax cut is aimed at aligning Turkey with rival emerging economies like the Czech Republic, Poland and Hungary and bolstering foreign capital investments, said Unakitan.

He went on to say, "We are working to reduce corporate tax by 2-3 points from 30 percent at the start of 2006. We cut the rates by three points in early 2005 in the battle against countries with which Turkey is competing to attract foreign investment,".
 

jnj

Member
Turkey plans to cut corporate tax by 2-3 pct pts in 2006....
Do you think this will have any impact or effect upon interest rates for savers, or the YTL exchange rate?
 

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