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Turkey to impose higher taxes on wealthy people-FinMin

Friday, 5 Oct 2012 | 5:14 AM ET

ANKARA, Oct 5 (Reuters) - Turkey's Finance Minister Mehmet Simsek said on Friday that the government has launched an initiative to impose higher taxes on wealthy people.

An income tax draft reform has been completed and will soon be sent to the cabinet, Simsek said at a news conference in Ankara.

(Reporting by Orhan Coskun; Writing by Seltem Iyigun)

((seltem.iyigun@thomsonreuters.com)(+90 212 350 70 62)(Reuters Messaging: seltem.iyigun.thomsonreuters.com@reuters.net))

Keywords: TURKEY SIMSEK/