Finance Minister Mehmet Simsek announced on June 5 that Turkey is committed to ensuring fairness and efficiency in taxation by ensuring that every possible area is taxed. The ruling party, under the leadership of President Recep Tayyip Erdogan, is likely to pass the new legislation as they hold a majority in parliament. Despite facing opposition in the past when trying to introduce transaction taxes, there is expected to be political debate and controversy surrounding this initiative as well.
