Coin

<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

목차

Coin Edition

2024년 9월 24일에 게재된 다른 기사

TON Price Maintains Momentum Despite Regulatory Pressures on Telegram

Australia to Mandate Financial Services Licenses for Crypto Firms

Consensys Faces Setback as Court Dismisses Lawsuit Against SEC

ZKsync Integrates Chainlink CCIP to Power Cross-Chain Token Transfers

Succinct Labs and OP Labs Team Up to Launch New Zero-Knowledge Proof Solution

Coinpedia Fintech News

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!