Turkey to Lower Taxes on Basic Foods to Fight High Inflation
ISTANBUL—Turkey’s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and numerous protests over eroding living standards. President Recep Tayyip Erdogan said the value-added tax would be lowered to 1 percent from 8 percent on food purchases. His decision will be…
bubmagFebruary 12, 2022