Tuesday, March 17, 2020

UPDATE 2-Turkey mulls tax relief to blunt coronavirus pain -sources - Reuters

Turkey mulls tax relief to blunt coronavirus pain -sources
Orhan Coskun
4 MIN READ

* Lira, stocks tumble as virus cases rise to 18

* Tourism, export sectors seen most vulnerable

* Debt repayments could be delayed, deferred -sources

* Fed easing opens door to sharper Turkish rate cut (Adds options cited by sources)

By Orhan Coskun

ANKARA, March 16 (Reuters) - Turkey is considering tax relief for businesses as one possible step to help the economy through a slowdown in the face of spreading coronavirus, two sources said on Monday, as stocks tumbled and the lira hit levels not seen since 2018.

More:UPDATE 2-Turkey mulls tax relief to blunt coronavirus pain -sources - Reuters