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News Briefs

  Cheshvan 25, 5778 , 14/11/17

JNF board member: Taxation will raise housing prices

Director-General Nachi Eyal of the Legal Forum for the Land of Israel, who serves on the board of Keren Kayemet Leyisrael (the Jewish National Fund), says the government is making a big mistake in trying to tax the Jewish National Fund.

Speaking to Arutz Sheva, Eyal explained that land the JNF is marketing for the public good at a cheap price will become more expensive, including land for the Mechir Lemishtaken (Occupant's Price) affordable housing program, thus defeating a government goal of bringing prices down.

Eyal said he is not opposed to taxation legislation, saying it will lead to the JNF becoming an independent body instead of operating under the restrictions of being a quasi-governmental organization.

Other archived news briefs:Nov 14, 09:18 AM, 11/14/2017