Turkey has decided not to move forward with an additional tax package that would have resulted in a levy on profits from stocks trading and crypto, the country's Vice President Cevdet Yilmaz told Bloomberg on Monday. In June, Turkey's government decided to postpone plans to tax stocks following a decline in the country's equity market due to news of additional taxes. "We are postponing the draft tax study for the stock exchange for a while to re-evaluate in line with feedback from all relevant parties," Turkish Finance Minister Mehmet Simsek said on X at the time.
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