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      Archive: 12/4/2011
      15:17
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      News Brief

        12/4/2011, Kislev 8, 5772

      Internet Purchases Tax-Free


      The Cabinet Sunday morning approved the removal of all taxes on purchases of items costing less than $320 (1200 shekels) in order to promote competition that hopefully will result in lower prices for consumers. The original proposal was to limit tax-free Internet purchases to approximately $265 (1000 shekels) before the Cabinet increases the tax-free amount.