Republican People's Party raises objections to draft law allowing import of funds, gold, and foreign currency without tax scrutiny.
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Turkish opposition has raised substantive objections to a government draft law aimed at attracting funds, gold, and foreign currency held abroad to the domestic market without tax checks.
The Republican People's Party said the draft raises concerns about financial transparency and provides benefits to the wealthy. The draft entered the Turkish parliament's agenda despite opposition from the main opposition party.
Criticisms focus on the mechanism's lack of adequate tax oversight and tax fairness.
Turkish opposition challenges government legislation that permits the importation of funds, gold, and foreign currencies without tax inspections, warning that the country could become a haven for illicit funds. The Republican People's Party asserts that the government has neglected to publish a list of tax havens for 20 years, opening the door to funds of unknown origin.
If parliament approves the legislation, it could become easier to channel illegal funds into the Turkish economy without accountability, affecting currency stability and legitimate investments. The absence of financial transparency exposes depositors and investors to risks and undermines market confidence.
Mehmet Yılmaz