TechFlow reports that Turkey plans to introduce new taxes, including a 0.03% tax on cryptocurrency transactions. This move aims to address the national budget deficit caused by last year's earthquake and proposes changes to the regulation of financial transactions. The tax reform is expected to generate 226 billion Turkish lira (approximately $7 billion) in revenue for Turkey, equivalent to 0.7% of the country's GDP. This reform will be Turkey's largest tax overhaul in nearly two decades.
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