Mehmet Simsek

Here’s a breakdown of the provided text, focusing on the key points and themes:

Overall Theme: The text is a report on statements made by Mehmet Şimşek, likely a government official (given the context of inflation, monetary policy, and taxes), discussing the economic situation and government policies.

Key Points and Themes:

Inflation:
Şimşek acknowledges inflation is at 29% this year. He states they will keep inflation within the estimation range and advises people to adjust their accounts accordingly.

Monetary Policy and Economic Outlook:
Şimşek notes that monetary policy is within limits.
He mentions that supply-side policies are being developed to address issues.
He believes Turkey has entered a “positive cycle” where financial conditions have improved and economic activity is expected to strengthen.
He highlights that “balances have entered a period in a positive way.”

Earthquake Zone Expenditures and Housing Supply:
Resources have been allocated to the earthquake zone.
Total expenditures for the earthquake, based on accrual-based prices, reached 3 trillion pounds.
The government is mobilizing to increase housing supply to address the rent problem, rather than relying solely on monetary policy. Taxation and Fairness:
Tax Burden Comparison:
Turkey’s ratio of all taxes and premiums collected is 23.5% (2023).
This is compared to 40% in the EU and 33.9% in OECD countries. Criticism of tax burden: Şimşek addresses criticism that the burden is placed on wages and not on companies.
Corporate Tax: The ratio of corporate tax to national income is 3% in Turkey, very close to the EU’s 3.2%.
Tax Increases: Corporate taxes have been increased, but income tax has not.
Exchange Rate Protected Deposit (KKM): Initially, there were few taxes on KKM, but taxes have been introduced over time.
Tax Justice: Şimşek emphasizes that important steps are being taken to ensure tax justice.
informality: The government is struggling with informality and aims to increase voluntary compliance.
Tax Compromise: Şimşek clarifies that there’s a compromise institution for tax disputes, and reports can be re-examined if inaccurate. He states that no one can be forgiven for unpaid taxes.

Income Declarations by Profession (fight Against Off-the-Books Registration):
Şimşek provides examples of average monthly gross income declarations for various professions:
Actors, actresses, stunt performers: 157,265 pounds
Musicians, voice artists, presenters: 136,900 pounds
Pharmacists: 66,236 pounds
Markets: 10,149 pounds
Minibus drivers: 8,954 pounds
Female hairdressers: 4,729 pounds
male hairdressers: 3,633 pounds
He also mentions a restaurant’s gross income declaration of 20,329 pounds per month.
He highlights that 850,000 tradesmen are completely tax-exempt.
* The context suggests these figures are being used to encourage more accurate income reporting.

In essence, the text conveys a message of economic stabilization and government efforts to address key challenges like inflation, housing shortages, and tax evasion, while also highlighting a more positive economic outlook.