Abstract

Wealth tax was levied in Turkey in the period which World War II was on the agenda of the World. Put it differently, economic conditions of Turkey was quite bad. To meet the necessities occuring due to the bad conditions, Turkish government levied this tax. Then, an act known as wealth tax act was released. The amount of this tax was unusual. If taxpayers was to pay this, their wealth would decrease and if they was not to pay, they would be sent to work in general services. So, this application brought a debate about this tax. In this study, whether this tax can be accepted as a crisis or not will be debated within the scope of scholars’s views and wealth tax act. And, the study is ended with the hypothesis that wealth tax was a crisis.

Highlights

  • IntroductionThe notion of wealth is multidimensional; howeever, the economic dimension of wealth is more dominant among other factors (fiscal, social etc.) of wealth and that’s why it can be said that this notion should be examined in terms of its economic dimension. [1] In addition, because tax is an obligation and collected from income, it decreases the wealth

  • The notion of wealth is multidimensional; howeever, the economic dimension of wealth is more dominant among other factors of wealth and that’s why it can be said that this notion should be examined in terms of its economic dimension

  • The debates on wealth tax levied in Turkey between 1942 and 1943 have been still on agenda in Turkey

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Summary

Introduction

The notion of wealth is multidimensional; howeever, the economic dimension of wealth is more dominant among other factors (fiscal, social etc.) of wealth and that’s why it can be said that this notion should be examined in terms of its economic dimension. [1] In addition, because tax is an obligation and collected from income, it decreases the wealth. In Turkey, between 1942-1943 wealth tax was levied. This tax was an extraordinary because it was not suitable to contemporary taxation principles. This can be understood by looking at wealth tax act. We present the views related to wealth tax. The reason of this is that there is no consensus among scholars whether this tax was a crisis or not. It is needed to show some technical terms to prove this tax is crisis. We make a general assessment concerning wealth tax by using the reasons of collection of this tax and the scholars’ views

The Act of Wealth Tax
The Views Concerning Wealth Tax The views against wealth tax are as follows
Findings
Conclusion
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