- Turkey’s parliament said it agreed to remove from an omnibus bill a tax plan that included a crypto transaction tax and 10% quarterly withholding tax on investment gains.
- Critics said an excessive transaction tax—including on transfers to personal wallets—would lead to capital flight and a shrinking tax base.
- Turkey’s parliament plans to resubmit a revised tax proposal through a separate legislative process, and the government views the crypto market as a key tax base amid the lira’s collapse and high inflation.
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Turkey’s parliament has abruptly scrapped plans to levy taxes on cryptocurrency…
