News Briefs

  תמוז 22, 5774 , 20/07/14

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.

Other archived news briefs:Jul 20 2014, 09:10 PM, 7/20/2014