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<ul class="wp-block-list news-points">
 <li>Turkey shelves stock market and cryptocurrency tax plans amid public backlash concerns.</li>
 <li>Trading volume on Turkey’s stock exchange dropped due to initial fear of new tax proposals.</li>
 <li>Turkey ranks as the 4th largest in the crypto market, recording $170B in trading volume.</li>
</ul>
Cevdet Yilmaz, the Vice President of Turkey, has stated the government is not planning to introduce a tax on profits from stock trading or crypto assets this year.
Speaking to<a href="https://www.bloomberg.com/news/articles/2024-09-24/turkey-shelves-plans-to-tax-gains-from-stocks-and-crypto-market?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow"> Bloomberg</a>, Yilmaz clarified that the initial tax discussions have been dropped from the government’s agenda, due to earlier public backlash and a re-evaluation of the proposals. He also stressed that the focus will be on reducing tax breaks rather than creating new fees on retail investments.
<h2 class="wp-block-heading" id="h-stock-market-tax-proposals-reconsidered">Stock Market Tax Proposals Reconsidered</h2>
Earlier this year, the Turkish government had thought about implementing taxes on gains from stock market profits. These proposals, which were seen as a safeguard against rising inflation, had put pressure on the stock market.
Treasury and Finance Minister Mehmet Simsek acknowledged these concerns in June, stating that the plan would be re-evaluated. The government has since decided aga…
The post <a href="https://coinedition.com/turkey-scraps-stock-and-crypto-taxes-easing-investor-concerns/" rel="noopener noreferrer nofollow">Turkey Scraps Stock and Crypto Taxes, Easing Investor Concerns</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Turkey Scraps Stock and Crypto Taxes, Easing Investor Concerns

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