News for VAT Govt. approves zero-VAT on public transportationThe government made two major compromises with its coalition partners in order to ensure that the state budget is passed by Wednesday. Minister Accuses Government of Hiding InformationAgriculture Minister Uri Ariel claims that Cabinet was not alerted about the VAT reduction before the budget was set. Netanyahu, Finance Ministry Reduce VATIsrael's sales tax to drop by 1% for consumers and 1.5% for companies. PM: 'We chose to return the money to you, the citizens of Israel.' Security Force Retrieves Tax Cheat Who Ran to PAIsraeli Arab who tried to get out of paying millions in taxes by absconding to Palestinian Authority was retrieved, and sent to jail. Shas Deal Includes Synagogues, Haredi HousingShas has succeeded in 'rolling back the clock' on many of the 'edicts' from the previous government, its coalition agreement shows. Apartment Glut as Israelis Wait for Zero VATAs of June 30, there were 94,450 homes and apartments under construction in Israel; by August 31, 26,920 were still unsold. Netanyahu Cuts Talk on 0% VAT Bill in Jab at LapidNetanyahu suspends discussion on controversial bill until budget deal worked out, in push on Lapid to back defense spending.New Home Sales Down 10% in MarchNew home sales were down 10% in March, as Israelis were holding off on buying homes in the wake of a plan to cut VAT payments. Lapid: Govt. Will Pay its Bills on Time, I PromiseFinance Minister Yair Lapid is out to set an example - and ease the burden on small business in Israel. Home Prices Tumble as Buyers Wait for VAT DiscountYair Lapid's ideas on eliminating value-added tax (VAT) payments is already bringing home prices down, as buyers hold out for a better deal. Lapid Tells Hareidim To Enlist For Housing BenefitFinance Minister defends VAT discount for young couples, says state willing to sacrifice for citizens who serve the nation. Group Tells Lapid: Don't Stop VAT Cuts at HousingCutting VAT on apartments is nice, but there are better ways that Yair Lapid can help the middle class, says one consumer group. Ministry: Hareidi Homebuyers Don't Need VAT CutNot extending a VAT discount for first time home buyers in hareidi communities is not discriminatory, the Treasury said.Ariel: Make Sure All Israelis Get Apt VAT DiscountHousing Minister Uri Ariel on Tuesday said that he would support eliminating VAT for first-time apartment buyers, provided it applied to all Liberman: Give State Discounts for Young ParentsForeign Minister Avigdor Liberman pushes VAT exemption for young apartment buyers, IDF vets; also subsidized daycare. Institute: To Help Poor, Raise Income Tax, Not VATThe preferred way for a Jewish state to raise money from its citizens is through income taxes, not sales taxes, says expert. Deri: ‘Asher, Chaim, Riki’ All Feeling the PinchDeri: The ‘everyday Israelis’ Lapid loves to mention are all suffering, thanks to new economic decrees. Lapid Skips Vote on VAT for Vacation in ParisFinance Minister skips a vote on the rise in the VAT, raising the ire of the opposition. Labor Calls to MKs: Don’t Vote for ‘Coward’s Tax’Labor head slams Lapid’s plan to raise the VAT as “coward’s tax,” proposes an alternative. Lapid Told: Don't Raise VAT on SabbathMK Nisan Slomiansky asks Finance Minister to change plan to update VAT Friday at midnight. Budget Cuts: VAT on Produce, Child Payments CutGovernment plans cuts to keep deficit under control. How will cuts impact average Israeli? MK: Raise Taxes, or End Up Like EuropeThe VAT tax increase is absolutely necessary for the health of the Israeli economy, officials said Netanyahu's Economic Measures Raise Critics' IrePrime Minister Netanyahu criticized following decision to raise VAT, cut budgets for government ministries. Fischer: Time to Pay Up; VAT Must Rise 1%Bank of Israel Governor Stanley Fischer on Wednesday declared his support for raising Israel's Value Added Tax (VAT) by at least 1% MK Landau Calls For End to Israel's Water TaxNational Infrastructure Minister Uzi Landau has called for an end to the VAT on water saying its is a "tax on a basic need for survival." Inflation Rearing its Head?Transportation prices going up: Gas to hit record high on Jan. 1, giving Israel the 5th highest in the world, and bus prices will rise by 3%. Higher Charges for Overseas PkgsNew customs levy on all packages from overseas will be imposed at the beginning of 2011.Value-Added Tax To Drop 0.5%Finance Minister Yuval Steinitz has decided to reduce value-added tax (VAT) by half a percent at the beginning of 2010. The new rate will be 16%,. Political Death on VAT Tax?Produce vendors warned Monday that if the VAT tax on their goods rises by one percent, Prime Minister Netanyahu is as good as dead politically. |
