Daily Israel Report
10:56
Reported

News Brief

  5/5/2013, Iyar 25, 5773

Yachimovich: Tax Corporations before VAT Increase


Opposition Chairwoman Shelly Yachimovich says the report of the State Income Administrator indicates huge tax benefits are awarded to a small group of wealthy corporations, while, in contrast the Treasury plans to increase Taxes on lower and middle classes along with VAT increase.

"Benefits for only four of these corporations are equivalent to the estimated annual state income from VAT increase. I recommend the government tax the corporations and spare the public. That is where the money is," added Yechimovich.