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Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10010464946
, though, will have to be on the revenue side, primarily through hikes in the consumption tax rate toward the OECD average and … a broadening of the personal income tax base. Fiscal consolidation should be accompanied by measures to promote … inclusive growth through the tax and benefit system, in particular by introducing an earned income tax credit to assist the …
Persistent link: https://www.econbiz.de/10011732716