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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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When a citizen pays 70-220% in ÖTV when buying a car in Turkey, they are understandably surprised to learn that when a million-dollar yacht is purchased in the same country, only 0% ÖTV is paid, (. So why?
Yachts are not subject to special consumption tax. Because the law is like that. According to the Special Consumption Tax Law, the VAT rate for "yachts, motorboats, boats, and pleasure boats" is 0%. This practice has been in effect since 2017 and is still valid. While a car is subject to 220% VAT, it is zero for a yacht worth 20 million.
But are there other taxes? Yes. VAT: 20%, MTV: an annual tax based on engine power and age. Customs duty: 0% on boats imported from abroad, that is, none.
So there is no Special Consumption Tax (ÖTV), but there is Value Added Tax (KDV) and Motor Vehicle Tax (MTV). However, the absence of the highest item, ÖTV, is a significant advantage.
Why is there no Special Consumption Tax? The justification is not clearly stated, but there are two possibilities: Turkey wants to promote the maritime sector or aims to increase domestic production in the luxury yacht market.
However, this situation fuels the discussion of "tax justice" on social media among the public.