Failed attempt in offshore cash

Bloomberg

After the first month of the offer to allow investments to be transferred to Turkey with only minimal tax and limited investigation of their origins, there’s been no sign of any inflow. The plan ends in March. Turkey’s 50,000 liras ($33,000) deposit guarantee is an obstacle to luring investors because many European countries offer higher guarantees, said bankers. Some investors also do not trust Turkish promises not to ask questions and are reluctant to "appear on the Finance Ministry’s radar," the newspaper said.