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      Archive: 5/29/2012

      News Brief

        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. "