Date: 7 December 2011

Publication: Capital Markets Regulation on Leveraged Foreign Exchange Transactions: Is the Task Complete?

Publishers: International Bureau of Fiscal Documentation (IBFD)

Synopsis:

A number of international and local foreign exchange trading houses were expecting the Turkish Capital Markets Board (CMB) to legitimize their activities in the Turkish market by issuing the required framework regulation. On 27 August 2011, the CMB finally issued Regulation V/125.1. This article analyses the trading framework as introduced by Regulation V/125 together with its tax ramifications.

Author: Ali Şanver, Tax

Download: Access the article here

IBFD Legend:
Title: Turkey - Capital Markets Regulation on Leveraged Foreign Exchange Transactions: Is the Task Complete?
Author: Sanver, A.
Country: Turkey
Journal: Derivatives & Financial Instruments
Issue: 2011 (Volume 13), No. 6 (Next Issue)
Published online: 31 Oct 2011
Publication Section: Recent Developments

Date: 21 November 2011

Publishers: Mayer Brown

Synopsis:

In this 26-jurisdiction project covering the use of social media by employee and employers Pekin & Pekin contributed the Turkey chapter. The specific questions asked by the Mayer Brown team were:

1. Are there any risks for employers that use social media sites to vet job applicants?
2. What steps can be taken by employers to minimise such risks?
3. What problems could an employer face as a result of employees using social media sites?
4. What steps can be taken by an employer to minimise the risks associated with employees using social media sites?

Other jurisdictions covered by the project are Angola, Belgium, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Mozambique, Netherlands, Norway, Poland, Russia, Spain, Sultanate of Oman, Sweden, Switzerland, UAE and the United Kingdom.

Contributor: Sezin Akoğlu and Irmak Dırık, Employment, Data Protection

Download: The Turkey chapter can be downloaded here. Requests for the full booklet can be made via Charlotte McCrudden.

Date: 5 January 2011

Publishers: Peterka & Associates

Synopsis:

In this article a comparison is made between Turkish and Czech forms of companies, highlighting the most important differences. The aim of the article and the law firms involved is to assist Turkish parties doing business in the Czech Republic. Another jurisdiction covered by the project is Russia. The article was produced by Pekin & Pekin's TerraLex member firm, Peterka & Partners, with our assistance.

This is a Turkish language only publication.

Contributor: Seren Kutadgu, Corporate

Download: The article is available here.

Date: 28 July 2010

Publishers: International Tax Review

Synopsis: Akbank's landmark USD1bn bond sale highlights the ongoing developments in Turkey on the application of withholding tax for foreign and Turkish bond issuers. Ali Şanver comments on the latest debate and provides a table on the withholding tax rates on interest and gains on Turkish securities.

Link: Access the article here

Contributor: Ali Şanver, Partner, Tax

Date: 23 July 2010

Publishers: Wolters Kluwer

Publisher Information: 

Corporate Acquisitions and Mergers provides a one-stop guide to the local practical issues involved. Some of the world's most distinguished law firms, each of them identified as a leading firm in the mergers and acquisitions field in their own country, offer a rich source of information and advice on domestic issues arising on M&A transactions.

The book has been restructured and expanded to cover all the most significant economies in the world (some 50 countries in all). The work is kept up-to-date by regular supplements, which track the key changes and developments in national laws and practice affecting mergers and acquisitions. The work now offers a truly global coverage.

Link: Access chapter for Turkey here

Contributor: Ayça Sevimay and the Corporate Team

Date: 4 June 2010

Publishers: TerraLex

Synopsis:

The analysis below addresses the issue of whether Articles 23/4 and 22/1/d of the Turkey/Italy and Turkey/Spain prevention of double taxation treaties offer a unique opportunity for cross-border financial structuring in relation to dividends, royalties and interest income.  For the reasons set forth below, this author believes that the deemed (notional) foreign tax credit available under the Spain/Turkey and Italy/Turkey tax treaties may offer additional benefits in relation to cross-border lending and investments in debt and equity issues, provided that local tax offices can be convinced to apply the international tax treaty provisions.

Link: TerraLex Newsletter (this article was also published by Lexis Nexis)

Contributor: Ali Şanver, Tax