Jewelers object to banks buying and selling gold
16.01.2013 /
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TOBB Turkey Jewelry Industry Council met in İstanbul to discuss the tax rates on banks’ gold acquisition and exchange rates.​
Representatives of the jewelry sector expressed that they are opposed to banks buying and selling gold which negatively impacts the jewelry sector.
Another problem faced by the jewelry sector is the difference between the market value and the acquisition value of gold, which the representatives stated stems from the fact that establishments are charged with paying income or institutions tax.
Another problem faced by the jewelry sector is the difference between the market value and the acquisition value of gold, which the representatives stated stems from the fact that establishments are charged with paying income or institutions tax.
  
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