Bloomberg News

Anadolu Hayat Rises on Turkey Pension Incentives Report

March 23, 2012

Anadolu Hayat Emeklilik AS (ANHYT), Turkey’s largest pension provider, rose to its highest since July after Milliyet newspaper reported tax incentives for corporate contributions to pension funds may be doubled.

Anadolu Hayat shares gained 1.8 percent to 4.04 liras at the close in Istanbul, bringing their weekly increase to 6 percent.

The government may propose increasing the corporate tax write-off to 20 percent from 10 percent, Milliyet reported, without saying how it got the information.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus