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The Independent UK
The Independent UK
National
Via AP news wire

Turkey lowers taxes on basic foods to fight high inflation

Turkey Recep Tayyip Erdoğan
AP

Turkey’s president announced a significant reduction in taxes on basic food supplies on Saturday as the country faces rampant inflation and several protests and strikes over eroding living standards.

President Recep Tayyip Erdogan said the value-added tax would be lowered to 1 per cent from 8 per cent on food purchases. His decision will go into effect on Monday.

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