\"Cautious optimism\" appears to be the mood in the financial community today, as Finance Minister Silvan Shalom received the recommendations of the public committee appointed to formulate tax reforms. The reforms deal with three issues: tax on overseas earnings, tax on stock market profits, and a gradual reduction of tax rates, mainly for the middle classes. Shalom met with Bank of Israel Governor David Klein today, for the first time after a period of tension between the two, in an effort to work together to restore economic stability. The dollar dropped in value by 3 agorot today, down from yesterday\'s all-time high of 4.994 shekels to 4.964.
Tax Reforms May Be On The Way
\"Cautious optimism\" appears to be the mood in the financial community today, as Finance Minister Silvan Shalom received the recommendations of the public committee appointed to formulate tax reforms. The reforms deal with three issues: tax on overseas earnings, tax on stock market profits, and a gradual reduction of tax rates, mainly for the middle classes. Shalom met with Bank of Israel Governor David Klein today, for the first time after a period of tension between the two, in an effort to work together to restore economic stability. The dollar dropped in value by 3 agorot today, down from yesterday\'s all-time high of 4.994 shekels to 4.964.