Tax Haven And Legislation In Turkey

I. INTRODUCTION

Turkey has been trying to take the strong measures against tax havens and monies left to these countries, but the measures still seem not enough. In order to understand this, foreign investors' tendency and applicability of Turkish laws should be examined.

II. WHY FOREIGN INVESTORS PREFER TO INVEST IN THESE COUNTRIES

Why are investors very interested in Tax Havens?

Generally foreign investments occurs within two basic ways,

1. Foreign direct investments
2. Portfolio Investments

The reason of why foreign investors invest money in tax haven countries depends on the aim of investors. But mostly because target country may have,

• Cheap labor or,
• Rich natural resources to be invested