Turkey’s Dogan Media Group (DMG) is seeing light at the end of the tunnel in its dispute with the authorities involving record tax fines.
Hurriyet reports that to date cases involving fines of TRY865 million (€440 million) have been concluded in favour of the company, while those totalling TRY1.88 million have gone in favour of the tax administration. However, that still leaves a huge TRY2.245 billion in fines to be resolved.
The DMG is the largest media company in Turkey and has interests in the TV and print sectors. It was hit by record tax fines last year in what was interpreted in some quarters as a conflict between itself and the ruling Justice and Development Party (AKP).