Thursday, April 27, 2006

REPORTER.GR-Turkey: Parliament scraps tax plan on borrowing-officials

"Turkey: Parliament scraps tax plan on borrowing-officials

11:31 - 27 April 2006 - A Turkish parliamentary sub-commission scrapped on Thursday a controversial government plan to impose a 30 percent withholding tax on offshore borrowing, a member of the commission said. A draft law discussed in the sub-commission originally proposed taxing banks' offshore borrowings to track fund flows and increase tax revenues."

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