TechFlow reported that Turkey is considering taxing investment income from stocks and crypto assets as part of fiscal austerity measures. Stocks and the lira fell due to the news.
Finance Minister Mehmet Simsek discussed the plans at a ruling party meeting over the weekend, AKP officials told Bloomberg News, speaking on condition of anonymity because the discussions were private. Simsek stressed the need for proper taxation of all financial income at the meeting, according to people familiar with the matter.
