Turkey's hidden tax reach 'record-breaking' levels
Hidden, or indirect, taxes for goods including food, gasoline, cars and cellular phones in Turkey have reached record-breaking levels based on European standards, according to a recent report from the Public Servants' Union (Büro Sen).
The union's research indicated that hidden taxes on such goods in Turkey has reached 69 percent of total taxes, a figure which has nearly doubled over the last three decades. In 1980, hidden taxes comprised only 37 percent of taxes overall. The European average share of hidden taxes out of overall taxes presently stands at 27 percent.
Eighty-seven percent of the state's income comes from taxes, said the union, applied not only to goods such as tobacco and gasoline but also services such driver's license and passport applications.
Comparatively, hidden tax ratios in countries such as Bulgaria, Hungary, Germany and the UK ranged from as low as 20 to as high 46 percent. The Public Servants' Union said in its report that the exorbitant taxes on goods in Turkey unfairly punish civil servants and laborers in particular.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- (Ir)rational Expectations? New Iranian administration pledges to attract record-breaking FDI levels
- Business frowns on car tax proposals in Turkey
- No where to hide: Israel, UK ally against tax evasion epidemic
- International links to boost Turkey’s Islamic banks?
- Oil wells, taxes, and scare tactics: how the IS has been making money all this time