Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Turkey’s AK Party postpones bill to support investments, defence fund | The Mighty 790 KFGO
    Investments

    Turkey’s AK Party postpones bill to support investments, defence fund | The Mighty 790 KFGO

    October 15, 20241 Min Read


    ANKARA (Reuters) – Turkish President Tayyip Erdogan’s ruling AK Party has postponed discussions in parliament of a bill that includes changes to support investments and the country’s defence industry fund following strong criticism, a senior AKP lawmaker said.

    “President Erdogan has instructed us to carry out a meticulous, detailed study of the bill. God willing, we will have completed the budget talks for 2015 in December, and the bill has been postponed until after those talks,” the lawmaker, Abdullah Guler, told reporters on Tuesday.

    The bill, submitted to parliament last Friday, required companies and individuals to make additional contributions to the fund via their tax statements and also envisages additional fees for Turks buying and selling real estate and vehicles.

    But the changes concerning credit cards – which envisage an annual contribution fee of 750 Turkish lira ($22) for cards with limits set above 100,000 lira – had prompted particularly strong criticism from consumers and economists.

    Guler said last week that the bill aimed to raise revenues of 70-80 billion lira ($2 billion-$2.3 billion) for Turkey’s defence industry fund.

    ($1 = 34.2848 lira)

    (Reporting by Nevzat Devranoglu; Writing by Ece Toksabay; Editing by Gareth Jones)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    US to impose up to $15,000 visa bonds in new crackdown on overstays and weak vetting

    Investments

    Holiday home investments dip as taxes and rules kick in

    Investments

    It’s OK to Spend on Things That Bring Joy in Retirement

    Investments

    Congress’s “One Big Beautiful Bill” Will Shrink Renewable Energy Investments—Yet Some Technologies Are Preserved

    Investments

    New Rule by US as Immigration Clampdown Deepens Under President Donald Trump

    Investments

    Royal Family Retirement Sparks Emotional Goodbye for ‘Gentle Giant’

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Brazilian ethanol to seize market share from gasoline in 2024: Commodity Insights analyst

    Commodities

    Green steel offers calm after ‘perfect storm’ • Recycling International

    Stock Market

    Some Strategists See a Stock Bubble — and It’s Not the Mag 7’s Fault

    Editors Picks

    UK uni student scammed out of thousands by fake landlord

    June 26, 2025

    Philippines secures record ₱1.9 trillion in investments last year

    February 23, 2025

    Maryland schoolteacher’s $40,000 in savings frozen following fintech collapse

    August 20, 2024

    DeSantis’ property tax cuts would cripple local government

    March 17, 2025
    What's Hot

    What time will Twisted Metal season 2 episodes 1,2, & 3 release on Peacock? Release timings for all regions

    July 29, 2025

    En Côte d’Ivoire, Endeavour renforce son contrôle dans l’exploration d’or

    March 12, 2025

    Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Stock Position Lowered by Comerica Bank

    August 19, 2024
    Our Picks

    Real estate developers say affordable housing could soon become more profitable

    July 29, 2025

    Size, Trends, Share and Forecast 2031 – அக்னி செய்திகள்

    August 25, 2024

    Compliance Remains a Constant for Bank-FinTech Partnerships

    August 19, 2024
    Weekly Top

    Copper climbs – Markets – Business Recorder

    August 4, 2025

    This High-Yield Dividend Stock Is Staging a Comeback. Should You Buy Shares Now?

    August 4, 2025

    Holiday home investments dip as taxes and rules kick in

    August 4, 2025
    Editor's Pick

    What’s Behind the Expected Growth in the Agricultural Drone Market

    August 12, 2024

    Transcript : Atalaya Mining Copper, S.A. – Shareholder/Analyst Call

    June 24, 2025

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana, memecoin prices today; trading, m-cap updates

    July 1, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.