"Turkish Prime Minister Seeks Substantial Tax Cuts, by Lorys Charalambous, Tax-News.com, Cyprus 01 December 2005
Turkish Prime Minister Recep Tayyip Erdogan, announced on Tuesday that the government will seek to bring about a substantial reduction in the country's personal and company tax burden in order to compete more effectively with the European Union and reduce tax evasion.
Mr Erdogan told the ruling Justice and Development Party conference that the standard rate of corporate tax will be cut by 10% to 20% while the overall tax burden for companies will be reduced to about 28% from the current 37%."
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