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Netanyahu and Simhon Pushing to Cancel VAT Hike

  • Netanyahu and Simhon pushing to cancel VAT hike from 17% to 18%
  • Plan proposes using revenue from tax benefits on dividends to replace revenue from VAT hike
  • Ministry of Finance’s flagship plan to offset increase in defense spending
  • Simhon behind key economic policy moves including tax benefits and VAT hike cancellation
  • Pressure from Netanyahu to find new revenue sources to avoid tax hikes

Source: en.globes.co.il

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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