TechFlow news: As part of austerity measures, Turkey is considering taxing investment gains from stocks and crypto assets. Affected by this news, stocks and the lira declined.
Officials from the Justice and Development Party told Bloomberg that Finance Minister Mehmet Simsek discussed these plans during the ruling party's weekend meeting. The officials declined to be named as the discussions were private. According to people familiar with the matter, Simsek emphasized the need for appropriate taxation on all financial income during the meeting.
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