Turkey makes a great move, drops crypto tax

-

Turkey just did something big. Really big. They’ve decided to not go ahead with that tax on the stock market and cryptocurrency gains. That’s right.

They said, ’You know what? Let’s not f*ck this up.’ And believe me, this is a huge win for business.

No crypto or stock tax – That’s smart business!

Vice President Cevdet Yilmaz – good man, smart man – said they’re not going forward with this crypto tax plan, so they ditched it entirely.

They’re focused on cutting down tax exemptions instead. I’ve gotta say, this is the right step in the right direction!

Before this, they were talking about taxing stock markets and cryptocurrency. Crazy idea, right? People were worried, and I can’t blame them. Taxes like that?

They choke the market. But Turkey? They figured it out and decided to not doing that. And guess what? Investors?

They’re breathing a sigh of long awaited relief, a fresh breeze in a scorching hot day. The stock market didn’t like the idea of being taxed one bit, trading volumes dropped.

So, Turkey is saying, ’Hey, let’s get business-friendly again.’ And you know what? That’s exactly what’s happening. No tax on stocks, no tax on crypto. Big win for the industry, believe me!

Turkey’s going to fix its economy – just watch

Look, Turkey’s got a little problem with inflation, because it’s 52%. That’s a lot! But they’re smart. They’re saying, ’We’re going to fix our economy.

We’re going to tighten up, make smart reforms.’ Yilmaz, great man, said they’re going to get public finances in order. That’s what you’ve got to do if you want a strong economy.

They’re even talking about easing up on those rules that make it hard to swap lira offshore.

Let me tell you, it’s all about the market, and arket forces are the number one engine behind societal success.

It’s in the history books! When you give businesses room to breathe, magic happens.

No taxes, more jobs!

So, they’re scrapping this tax. And what does that mean? It means more jobs, it means bigger growth, it means a future for Turkey.

The investors are going to love this. And when investors are happy, the whole country wins. We’ve seen it happen before, more times!

You make the right moves, you support business, and the economy just booming.

Turkey’s on the right track, and if they keep this up, they’re going to win big. You’re going to see it, and it’s going to be legendary.

Have you read it yet? Hacked WazirX got four-month moratorium to get their business together


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Trump considers a new government role, the crypto-czar

President-elect Donald Trump is reportedly mulling over the idea of appointing a Crypto-Czar to help shape U.S. policy on blockchain and digital assets. This move...

XRP, SOL, and DOGE ETFs are coming?

The crypto ETF sector is heating up after the major success of Bitcoin's spot ETF launch in the U.S. Nate Geraci, president of The ETF...

Binance unveils BFUSD, but it’s not stablecoin

Binance is in the news again, with its latest token, BFUSD, which promises annual percentage yield of 19.55%. But before it even launches, the new...

Chainlink teams up with Microsoft for Brazil’s CBDC pilot

Chainlink is collaborate in a pilot project for Brazil’s upcoming slavecoin, the central bank digital currency, or CBDC known as DREX. Teaming up with Microsoft,...

Most Popular

Guest posts