News Briefs

  5/29/2012, Sivan 8, 5772

Gafni: No Decision to Raise Sales Tax to 17 Percent

Chairman Moshe Gafni of the Knesset Finance Committee rejected, Tuesday, media reports that the government intends to raise the value-added sales tax (VAT) to 17 percent.

Gafni told the committee, "VAT won't rise! I checked with the Treasurer and members of his office and, as of now, there is no intention to raise the VAT. Treasury officials told me there was not even a discussion on the matter. "