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TIMELINE-Dogan Yayin's battle with Turkish authorities

Published 11/03/2009, 05:23 AM
Updated 11/03/2009, 05:27 AM

Nov 3 (Reuters) - Turkey's largest media company said on Tuesday it will meet the Finance Ministry on Nov. 24 to discuss a possible settlement to a multi-billion dollar tax fine which has raised concerns about press freedom.

Here is a timeline of events at Dogan Yayin:

2008: Sept. 7 - Prime Minister Tayyip Erdogan accuses media mogul Aydin Dogan of using his newspapers and television channels to defame the government and the ruling AK Party with reports of alleged corruption.

Sept. 13 - Erdogan tells the International Press Institute it had no right to criticise him over his treatment of Dogan, after the Institute condemned government statements and called on Erdogan "to cease all attempts to pressure the Turkish media".

Oct. 16 - Turkey's Capital Markets Board (SPK) says Aydin Dogan and three executives caused losses at newspaper publishers Hurriyet Gazetecilik and Dogan Gazetecilik by purchasing paper and publishing supplies from off-shore companies instead of direct producers.

2009: Feb. 18 - Dogan Yayin says it has been fined 693 million lira by tax authorities. Dogan says the tax dispute is over the sale of a minority stake in subsidiary Dogan TV Holding A.S. to German publisher Axel Springer. The next day, Dogan disputes the fine and tax charge, and its newspapers accuse the government of a veiled attack on a critical press.

March 13 - Dogan says it had offered stakes in its Kanal D and Star TV stations as collateral, which it said were worth a combined 1.12 billion lira, after the finance ministry rejected its offer of shares in companies in the tax dispute.

March 16 - Dogan says it will put up additional shares in Dogan TV Holding worth 1.08 billion lira to cover the fine.

March 26 - Tax authorities say they have frozen Dogan's bank accounts in a legal wrangle over the tax dispute.

July 23 - Dogan says the freeze has been lifted on some assets while the level of its Dogan TV Holding shares held by the tax office under cautionary attachment had risen to 53.9 percent.

Sept. 8 - The tax authority fines firms controlled by Dogan 3.76 billion lira, twice the level of tax arrears that officials assessed at 1.88 billion lira after examining accounts for 2005-07.

Sept. 10 - The European Union says the tax fine could affect the next annual progress report on Turkey's EU bid.

Sept. 14 - Erdogan denies suggestions the fine on Dogan Yayin is an attempt to put pressure on opposition media.

Sept. 25 - Tax office requests Dogan Holding units Dogan TV Holding, D Yapim Reklamcilik, Dogan Produksiyon and Alp Gorsel Communications put up a total guarantee of 4.82 billion lira ($3.3 billion) within 15 days as a combination of the original tax, the fine, and interest.

Sept. 28 - Company notified of an increase in the tax fine to 4.8 billion lira.

Oct. 6 - Dogan Yayin launches court challenge to the demand by tax authorities for $3.3 billion in collateral.

Oct. 7 - Finance minister Mehmet Simsek says tax fine is purely technical and has nothing to do with politics.

Oct. 9 - Dogan Yayin says has provided collateral in the form of shares in Dogan units and 44 properties to the tax office to cover the $3.3 billion fine.

Oct. 12 - The tax authority places a preliminary injunction on the sale of shares in three of Dogan's units.

Oct. 13 - Dogan Yayin says tax authority has rejected the collateral to appeal the record fine.

Oct. 20 - Turkey's state media watchdog says Dogan is in breach of a law limiting foreign ownership of Turkey's media companies and gives the company three months to comply.

Oct. 30 - Dogan says company and some units have received an invitation from the finance ministry for talks on settling tax fines.

Nov. 3 - Dogan Yayin says it will hold talks with the Finance Ministry on Nov. 24 to discuss a possible settlement. (Writing by David Cutler, London Editorial Reference Unit; Editing by David Stamp)

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