Tag #Mehmet Simsek

Showing 1 to 12 of 20 results

t24.com.tr

🌐 75% Global Worthiness

Sep 19, 10:18

Yeni Şafak Criticizes Turkey's Tax Policies

The pro-government Yeni Şafak newspaper criticizes Turkey's Finance Minister Mehmet Şimşek's tax policies, arguing that the lack of tax on foreign exchange is a primary cause of the economic crisis.

Yeni Şafak Criticizes Turkey's Tax Policies

The pro-government Yeni Şafak newspaper criticizes Turkey's Finance Minister Mehmet Şimşek's tax policies, arguing that the lack of tax on foreign exchange is a primary cause of the economic crisis.

Progress

60% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How does Yeni Şafak connect this tax policy to broader economic trends in Turkey?

Yeni Şafak links the absence of foreign exchange taxation to the devaluation of the Turkish Lira, loss of confidence in the currency, and increased economic volatility. It argues that this policy has been a trigger for past financial crises and continues to create instability.

t24.com.tr

🌐 85% Global Worthiness

Aug 25, 16:13

Turkey's Austerity Decree Contradicts Increased Public Spending Amidst Low Civil Servant Pay Raise

Turkey's government offered a 11% salary increase to 6.5 million civil servants and retirees, despite a continued austerity decree, while budget execution figures show significant increases in various spending categories, including a 280% rise in vehicle expenses and a 66% increase in communication ...

Turkey's Austerity Decree Contradicts Increased Public Spending Amidst Low Civil Servant Pay Raise

Turkey's government offered a 11% salary increase to 6.5 million civil servants and retirees, despite a continued austerity decree, while budget execution figures show significant increases in various spending categories, including a 280% rise in vehicle expenses and a 66% increase in communication ...

Progress

56% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate consequences of the 11% salary increase offer to Turkish civil servants and retirees, given the existing austerity measures?

Turkey's government offered a 11% raise to millions of civil servants and retirees, despite a standing austerity decree showing increases in spending across various sectors, from transportation to social facilities.

t24.com.tr

🌐 75% Global Worthiness

Jul 28, 13:17

Turkey to Intensify Fight Against Undeclared Income After Low 2024 Declarations

Turkey's Treasury and Finance Minister Mehmet Simsek revealed 2024 average monthly income declarations for various professions, ranging from 3,633 TL for male hairdressers to 157,265 TL for actors, prompting increased efforts to combat tax evasion through technological advancements and stricter enfo...

Turkey to Intensify Fight Against Undeclared Income After Low 2024 Declarations

Turkey's Treasury and Finance Minister Mehmet Simsek revealed 2024 average monthly income declarations for various professions, ranging from 3,633 TL for male hairdressers to 157,265 TL for actors, prompting increased efforts to combat tax evasion through technological advancements and stricter enfo...

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the reported income levels of different professions vary, and what factors might explain these differences?

The low income declarations highlight a substantial undeclared economy in Turkey. Simsek cited examples such as actors (157,265 TL), musicians (136,900 TL), and restaurants (20,329 TL), suggesting significant underreporting, especially in major cities and tourist areas. This underreporting necessitates stronger measures to increase tax revenue.

t24.com.tr

🌐 75% Global Worthiness

Jul 27, 16:14

Turkey's Economy Rebounds From Shocks, But Challenges Persist

Turkey's Finance Minister Mehmet Simsek announced that the country's economy has rebounded from shocks since March, with foreign exchange reserves exceeding \$170 billion and growth continuing, although below projections; challenges remain regarding inflation and housing costs.

Turkey's Economy Rebounds From Shocks, But Challenges Persist

Turkey's Finance Minister Mehmet Simsek announced that the country's economy has rebounded from shocks since March, with foreign exchange reserves exceeding \$170 billion and growth continuing, although below projections; challenges remain regarding inflation and housing costs.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What is the overall state of the Turkish economy following recent internal and external shocks?

Turkey's Finance Minister Mehmet Simsek reported that the economy has recovered from shocks experienced since March, with foreign exchange reserves returning to pre-shock levels of over \$170 billion. Growth, however, is slightly below projections.

t24.com.tr

🌐 75% Global Worthiness

Jun 10, 13:15

Turkey Forecasts Economic Growth and Increased Prosperity by 2026

Turkey's Treasury and Finance Minister Mehmet Şimşek predicts a more prosperous 2026, with increased purchasing power, easier access to finance, and reduced uncertainty, driven by structural reforms and government support packages totaling 114 billion TL for SMEs, including recent 30 billion TL for ...

Turkey Forecasts Economic Growth and Increased Prosperity by 2026

Turkey's Treasury and Finance Minister Mehmet Şimşek predicts a more prosperous 2026, with increased purchasing power, easier access to finance, and reduced uncertainty, driven by structural reforms and government support packages totaling 114 billion TL for SMEs, including recent 30 billion TL for ...

Progress

60% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How is the Turkish government addressing the financing challenges faced by businesses, and what specific support packages are in place?

Şimşek's optimism stems from a successful disinflation program that has enhanced macroeconomic stability and resilience to shocks. The government's focus is shifting towards sustainable growth by implementing structural reforms and leveraging global advantages.

t24.com.tr

🌐 75% Global Worthiness

Apr 21, 13:13

Turkey's Finance Minister: Inflation to Remain within Central Bank Forecast

Turkey's Treasury and Finance Minister Mehmet Simsek stated that inflation is likely to stay within the Central Bank's forecast range, despite recent market fluctuations; he also expects the current account deficit to be lower than projected and that foreign direct investment will increase due to th...

Turkey's Finance Minister: Inflation to Remain within Central Bank Forecast

Turkey's Treasury and Finance Minister Mehmet Simsek stated that inflation is likely to stay within the Central Bank's forecast range, despite recent market fluctuations; he also expects the current account deficit to be lower than projected and that foreign direct investment will increase due to th...

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the key factors expected to drive foreign direct investment into Turkey in the medium to long term?

Looking ahead, Simsek anticipates increased foreign direct investment (FDI) fueled by price stability, a sustainable current account deficit, and structural reforms. He expects that short-term market fluctuations will not significantly affect FDI. The government's strategy for external debt management emphasizes reducing currency and interest rate risks, enhancing flexibility during market volatility. This approach aims to support the disinflation process without significantly impacting the budget.

t24.com.tr

🌐 75% Global Worthiness

Sep 5, 01:19

Babacan Criticizes Limited Authority Given to Şimşek and Yılmaz

Ali Babacan, former economy minister and leader of the DEVA party, criticized the limited authority given to Turkey's Treasury and Finance Minister Mehmet Şimşek and Deputy President Cevdet Yılmaz, suggesting they are being used as scapegoats for unpopular economic decisions.

Babacan Criticizes Limited Authority Given to Şimşek and Yılmaz

Ali Babacan, former economy minister and leader of the DEVA party, criticized the limited authority given to Turkey's Treasury and Finance Minister Mehmet Şimşek and Deputy President Cevdet Yılmaz, suggesting they are being used as scapegoats for unpopular economic decisions.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the main criticisms leveled by Babacan against the current economic management in Turkey?

Babacan asserts that Mehmet Şimşek and Cevdet Yılmaz have limited authority, acting as scapegoats for unpopular decisions like raising taxes and interest rates. He claims President Erdoğan retains ultimate control, using Şimşek to implement unpopular measures while maintaining political distance.

t24.com.tr

🌐 85% Global Worthiness

Aug 24, 10:15

Turkey's Economic Costs Exceed $200 Billion, Claims CHP MP

CHP Istanbul MP Özgür Karabat claims Turkey's KKM scheme, interest payments, and post-March 19th reserve losses cost over $200 billion, accusing the AKP government of causing trillions of dollars in damage through economic mismanagement and wealth transfer, impacting the poor disproportionately.

Turkey's Economic Costs Exceed $200 Billion, Claims CHP MP

CHP Istanbul MP Özgür Karabat claims Turkey's KKM scheme, interest payments, and post-March 19th reserve losses cost over $200 billion, accusing the AKP government of causing trillions of dollars in damage through economic mismanagement and wealth transfer, impacting the poor disproportionately.

Progress

64% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the potential long-term economic and political implications of the financial situation described by Karabat, and what broader systemic issues does he highlight?

Karabat projects that the total economic damage caused by the AKP government will reach trillions of dollars once factors like business closures, emigration, and corruption are included. He highlights the continued high KDV rate (20 percent) as evidence that wealth transfer continues despite government claims of economic improvement. This suggests a long-term economic impact far exceeding the immediate $200 billion figure.

t24.com.tr

🌐 85% Global Worthiness

Jul 27, 13:13

TEPAV Report Urges Rule of Law for Turkey's Economic Recovery

A TEPAV report highlights Turkey's high inflation, partly due to political tensions, US tariffs, and the Israel-Iran conflict; it urges establishing the rule of law and implementing structural reforms for economic recovery.

TEPAV Report Urges Rule of Law for Turkey's Economic Recovery

A TEPAV report highlights Turkey's high inflation, partly due to political tensions, US tariffs, and the Israel-Iran conflict; it urges establishing the rule of law and implementing structural reforms for economic recovery.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the primary economic challenges facing Turkey, and what immediate actions are recommended by the TEPAV report to address them?

Turkey's June inflation was the second highest among G20 countries, after Argentina. A key factor in the high inflation is the significant increase in risk premium due to political tensions, US tariffs, and the Israel-Iran conflict. The TEPAV report stresses that establishing the rule of law is crucial for economic recovery.

t24.com.tr

🌐 75% Global Worthiness

Jul 20, 13:11

Turkey Targets 44.5 Billion Lira in E-Commerce Tax Evasion

Turkey's Revenue Administration (GIB) uncovered 44.5 billion lira in unreported e-commerce revenue from 17,104 taxpayers between 2021 and 2024, prompting an investigation and calls for voluntary compliance with tax obligations, backed by new withholding tax measures.

Turkey Targets 44.5 Billion Lira in E-Commerce Tax Evasion

Turkey's Revenue Administration (GIB) uncovered 44.5 billion lira in unreported e-commerce revenue from 17,104 taxpayers between 2021 and 2024, prompting an investigation and calls for voluntary compliance with tax obligations, backed by new withholding tax measures.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What methods did the GIB employ to detect this tax evasion, and what measures are being taken to encourage voluntary compliance?

The GIB's investigation revealed widespread tax evasion within the Turkish e-commerce sector. Analysis of 2021-2024 data uncovered substantial discrepancies between declared income and actual revenue from e-commerce platforms. This highlights significant challenges in regulating the digital economy and enforcing tax compliance.

t24.com.tr

🌐 75% Global Worthiness

May 23, 13:12

Turkey's Finance Minister Confirms Commitment to Economic Program Amidst Sectoral Challenges

Turkish Finance Minister Mehmet Simsek, speaking at the Turkish Banks Association's general assembly, affirmed the government's commitment to its economic program, despite acknowledging challenges in some sectors, aiming for price stability and sustainable growth while managing temporary side effect...

Turkey's Finance Minister Confirms Commitment to Economic Program Amidst Sectoral Challenges

Turkish Finance Minister Mehmet Simsek, speaking at the Turkish Banks Association's general assembly, affirmed the government's commitment to its economic program, despite acknowledging challenges in some sectors, aiming for price stability and sustainable growth while managing temporary side effect...

Progress

44% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate economic challenges facing Turkey, and what measures is the government taking to address them?

Turkey's Finance Minister Mehmet Simsek stated that the government is aware of challenges in some sectors and is taking necessary measures. He emphasized the importance of the economic program's continuation and its focus on price stability for sustainable growth. The program is managing temporary side effects, and the government believes the year-end inflation will remain within the projected range.

t24.com.tr

🌐 75% Global Worthiness

Apr 8, 19:19

Turkish Finance Minister Sees Potential Economic Advantage in Trump Tariffs

Turkey's Finance Minister Mehmet Simsek told the Financial Times that President Trump's tariffs could benefit Turkey due to its manageable trade with the US and lower oil prices, further stating that Turkey's economic structure lessens the impact of these tariffs compared to other countries.

Turkish Finance Minister Sees Potential Economic Advantage in Trump Tariffs

Turkey's Finance Minister Mehmet Simsek told the Financial Times that President Trump's tariffs could benefit Turkey due to its manageable trade with the US and lower oil prices, further stating that Turkey's economic structure lessens the impact of these tariffs compared to other countries.

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the potential economic advantages for Turkey stemming from the US tariffs, and what specific evidence supports this assertion?

Turkey's Finance Minister Mehmet Simsek believes that US President Trump's tariffs could create an advantageous economic environment for Turkey. He highlights that Turkey's manageable trade volume with the US and the decline in oil prices could allow it to outperform other developing markets affected by the tariffs. Lower oil prices are expected to reduce Turkey's current account deficit and aid in rebuilding international reserves.

Showing 1 to 12 of 20 results