News Briefs

  5/26/2013, Sivan 17, 5773

Yachimovich: Postpone VAT Increase

Opposition Chairwoman Shelly Yachimovich urges the Treasury to postpone the VAT increase in order to assess the impact such a decision could have on Israeli citizens and economy, while searching for alternative economic measures more benevolent to society.

Yachimovich said, "The extra VAT will bring in 4bn NIS, but the same amount is in equivalent tax breaks for the four largest corporations in 2011."