Doğan rocked by record TL 3.76 billion fine for tax evasion
Doğan Yayın Holding, the Doğan Group’s publication wing, which runs newspapers such as Hürriyet and Milliyet, numerous magazines and TV stations, received a record tax fine on Tuesday.
The Finance Ministry slapped a fine of TL 3.76 billion ($2.53 billion), the highest ever imposed on a Turkish company, on Doğan Yayın for tax evasion during a time period covering 2005, 2006 and 2007. Inspectors said the fine was imposed due to their findings that Doğan companies had concealed profits from share transfers among partner companies and had avoided paying corporate tax and value-added tax (KDV) on the revenue from the transfers.
Sunday’s Zaman , 13 September 2009, Sunday
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