Turkish corporate tax hike
![Turkish corporate tax hike](https://www.ekathimerini.com/wp-content/uploads/2021/04/oikonomiatourkiaAP-2.jpg)
[AP Photo/Emrah Gurel]
President Recep Tayyip Erdogan’s ruling AK Party submitted a draft law to parliament on Friday that proposes raising corporate tax in Turkey to 25% this year from 20% now before reducing it again to 23% in 2022.
The draft also envisages support for restaurant and café employees in April and May following the imposition of new restrictions aimed at curbing the spread of the coronavirus. [Reuters]