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Mehmet Öğütçü
26 December 2024, Thursday / Published in Economy

Türkiye’s taxes: “Milking the Cow” will become increasingly difficult

Milking a cow constantly makes it hard to obtain sufficient and quality milk. Eventually, the cow becomes unwell and can no longer produce milk. The same goes for taxes. Extracting more taxes than citizens, businesses, and institutions can bear may lead to economic instability and injustice. Excessive tax burdens become unsustainable, especially for low-income groups
economytaxTurkeyTurkish economyTürkiye
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YetkinReport
15 October 2024, Tuesday / Published in Economy, Politics

Finance Minister: Controversial credit card fee is to fund ‘Steel Dome’

Finance Minister Mehmet Şimşek stated that the additional fees to be collected through new proposal submitted to the parliament will be used for the construction of defence systems like Steel Dome, rather than reducing the budget deficit. The ruling Justice and Development Party (AKP) has introduced a controversial bill to the parliament that would require
budgetcredit carddefencedeficiteconomyfeesteel dometaxTurkeyTurkish economyTürkiye
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YetkinReport
14 October 2024, Monday / Published in Economy, Politics

AKP faces backlash over proposed “defence fee” on credit cards

Türkiye’s ruling Justice and Development Party (AKP) has introduced a controversial bill to the parliament that would require high-limit credit card holders to pay an annual fee to bolster the country’s defense industry fund. Under the draft legislation, credit card holders with limits of 100,000 Turkish lira ($2900) or more would be required to pay
billcredit carddefence fundtaxTLTurkeyTurkish economyTürkiye
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Murat Yetkin
04 January 2024, Thursday / Published in Economy

Bayraktar tops taxpayer list, but why others choose anonymity?

The Ministry of Treasury and Finance published Türkiye’s top taxpayers list after 3 years on January 3, revealing that President Recep Tayyip Erdoğan’s son-in-law and Türkiye’s drone manufacturer Baykar’s chairman, Selçuk Bayraktar, has been the top taxpayer for three years in a row: 2020, 2021, and 2022. First of all, congratulations to Bayraktar. He became
baykarbayraktarinflationKoçtaxtaxpayertop taxpayers listTurkeyTurkish economyTürkiye
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  • Overcoming semantics in Cyprus, establishing functionality3 July 2025
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  • The Story of Iranian Women: The Resistance Never Stopped26 June 2025
  • Why did Türkiye not condemn the U.S. strike on Iran? What is going on?23 June 2025
  • What the U.S. strike on Iran might unleash — from the Gulf to Ankara23 June 2025
  • Turkish Defense Ministry on high alert against migration risk from Iran18 June 2025
  • Five Lessons from Israel’s strike on Iran, one is about Türkiye14 June 2025
  • Ankara watched Israel’s Iran attack: 200 jets in 6 waves, local support13 June 2025
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