"Taxpayers need to be more sensitive toward the political power, and the political power toward taxpayers"

Gizem Yaralı-12punto

The statements of economist Prof. Dr. Duran Bülbül are as follows:

One indicator that the political power is in an economic crisis is its 50% increase in the deferral interest rate. In fact, the rationale for the deferral interest rate is that, although it was introduced as a convenience for taxpayers in difficulty to restructure their debts at an interest rate lower than the policy rate, the deferral interest rate has effectively become unusable.

This means the following:

The most fundamental problem is this: taxpayers who are in financial difficulty and do not pay their taxes on time were previously provided with payment convenience by paying deferral interest on their taxes; however, the government has blocked this path with the latest deferral interest decision. Taxpayers who cannot pay their taxes on time due to financial difficulties, and who were using their taxes as a form of self-financing, will no longer be able to benefit from this situation. The political power is neither providing credit nor allowing for deferral interest. Currently, the deferral interest rate, which was the most important convenience and a significant incentive element provided by the state for taxpayers who could not even pay their late interest or late payment surcharges, has effectively become unusable. In practice, this means that the path for taxpayers to utilize deferral interest has been closed. If you set the deferral interest rate at 36% where the policy interest rate is 35%, it means the political power is saying, 'Go to the bank, get a loan, and come pay off my deferral interest.' It is not possible for this to be implemented in practice. Another meaning of this is that the political power will continue to increase the policy interest rate. This means it is heading toward 40%. Yet, months ago, we called on the economic management and the political power. We said, 'Come, put an end to the erosion of foreign currency and set the policy interest rate at 40% just this once.' However, politicians are once again continuing to address the erosion of foreign currency through interest rate policies. Therefore, it must be said that in the coming period, this will be compounded by an increase in revaluation rates. This means that tax increases will continue and tax rates will rise very significantly. What is important here is that taxpayers must be more sensitive as a pressure group against the political power and its practices that block the path of their businesses and production.

News Source: Gizem Yaralı