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Turkey will reduce tax hike on motor vehicles to "reasonable level" - spokesman
October 2, 2017 / 5:27 PM / 16 days ago

Turkey will reduce tax hike on motor vehicles to "reasonable level" - spokesman

ANKARA, Oct 2 (Reuters) - Turkey will reduce a planned 40 percent tax hike on motor vehicles to a “reasonable level”, government spokesman Bekir Bozdag said on Monday after a cabinet meeting.

President Tayyip Erdogan said at the weekend that the proposed tax increase would be reviewed, just days after it was announced last week by Finance Minister Naci Agbal. (Reporting by Ece Toksabay; Editing by Dominic Evans)

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