1942day.year
The Turkish parliament passes the Varlık Vergisi, a capital tax mostly levied on non-Muslim citizens with the unofficial aim to inflict financial ruin on them and end their prominence in the country's economy.
Turkey passed the Varlık Vergisi wealth tax, disproportionately targeting non-Muslim citizens and devastating their finances.
On November 11, 1942, the Turkish Grand National Assembly enacted the Varlık Vergisi, a wartime capital tax law.
Officially intended to bolster state revenues, it imposed vastly higher rates on Jews, Greeks, and Armenians.
Many affected were forced to liquidate assets at below-market values or sent to labor camps in eastern Turkey.
The tax led to a rapid transfer of wealth and business ownership to Muslim citizens.
It remains a controversial episode highlighting the intersection of law, economy, and minority rights in Turkey.
Turkish parliament
Varlık Vergisi