TURKEY: Everybody's Income

Turks, who threw away fez and veil at President Mustafa Kemal's command, set about achieving last week that much more difficult Western reform, a balanced budget.

Under a new income tax law signed by the President, "Turkish wage earners become the most heavily taxed in the world." according to Istanbul papers. Every Turk, no matter how minute his income, must pay at least 30% to the State. Richest Turks will get off easier than richest Englishmen who are taxed out of half their income. In Turkey, under the new law. "incomes over...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!