Archive: 8/26/2012
Daily Israel Report
13:15
Reported

News Brief

  8/26/2012, Elul 8, 5772

Yishai: Unemployment Has Indeed Risen


Commenting on the a speech Sunday by Finance Minister Yuval Steinitz that Israel led the Western world in job creation, Interior Minister Eli Yishai said that whether or not Steinitz wanted to accept it, there has indeed been a rise in unemployment in recent months. “Even though our situation is better than in many other countries, we must take several steps to deal with unemployment that has recently cropped up.”

Yishai said that one idea he had been considering – a progressive value added tax, with lower VAT on basic items and higher VAT on more expensive luxury items – could prove a great  help to poor Israelis.