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      Free Daily Israel Report
      Archive: 7/31/2012
      14:59
      Reported

      News Brief

        7/31/2012, Av 12, 5772

      Raise in Taxes Postponed Until September


      Minister of Finance Yuval Steinitz (Likud Party) has decided to postpone the increase in the VAT, or value-added-tax until September 1st, 2012. The decision came after consultation with the Chairman of the Finance Committee, Rabbi Moshe Gafni (United Torah Judaism Party).