Free Trial

TURKEY: Simsek Says No Plan to Tax Profits on Stocks, Crypto

TURKEY
  • Speaking to Bloomberg, Finance Minister Simsek said there are no plans to tax income from cryptoassets or stock trading, but added that a “very limited” transaction tax on stock trading is on the agenda. 
  • As a reminder, Bloomberg reported yesterday that Turkey is considering taxing proceeds from investments in stocks and cryptoassets as part of a fiscal tightening push. Stocks and the lira fell on the news.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.