ABSTRACT

Restructuring of the role of the state in line with the neoliberal discourse has critically affected fiscal policies. The aim of this paper is to evaluate the composition of tax revenues in Turkey since financial liberalisation. Capital account liberalisation and concomitant practices of deregulation had significant effects on tax policies. Throughout this process, which has also enabled a favourable environment for financialisation, the design of the tax policy have been in favour of capital and eventually the burden of adjustment following the severe crises for the last two decades fell particularly on labour incomes. Therefore analysing the tax policies and the distribution of the tax burden will provide an answer on how the costs of these crises have been socialised