`wealth-tax` Related Article Results

Wealth Tax is a one-time tax introduced on 11 November 1942 in Türkiye during the economic crisis triggered by the Second World War, designed to collect revenue from wealth and extraordinary profits. The tax came into effect during the government led by Şükrü Saraçoğlu. Its primary objectives were to close the budget deficit created by the war economy, control inflation, and curb black market activities and profiteering.【1】 Historical Background Although Türkiye did not officially participate in