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International Business Times
International Business Times
Business
Fulya OZERKAN

Turkish Govt Delays Tax Plan To Fund Defence Industry

Finance Minister Mehmet Simsek said Turkey must boost its 'deterrent power' due conflict in the region (Credit: AFP)

The Turkish government on Tuesday postponed until 2025 a parliamentary debate on a proposed tax on credit cards, which it sought to fund the arms industry as conflict rages in its neighbourhood.

Indignant Turks, who already face double-digit inflation, called their banks to lower their credit limits after the governing AKP party submitted the tax bill to parliament on Friday.

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