News Briefs

  7/20/2014, Tammuz 22, 5774

Ministers Endorse Relaxing Negative Income Tax

The Ministerial Committee on Legislation endorsed, Sunday, a proposal by Treasurer Ya'ir Lapid to relax requirements for single parents, disabled people, independents and wage earners to qualify for negative income tax, also known as a "work grant".

Under the proposal, which is expected to cost the state 90 million shekels, the relaxed requirements will allow an estimated 55,000 new people to qualify.