Government confirms Lapid's bid to cancel planned income tax hike - Israel News, Ynetnews
 
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Government confirms Lapid's bid to cancel planned income tax hike

Published: 12.08.13, 14:11 / Israel News

The government has confirmed the proposal of Finance Minister Yair Lapid to cancel the hike in income tax rates. Lapid – who initially suggested the hike – decided to back down from the idea after new estimates revealed the government's expenditures shrunk by NIS 1.3 billion (roughly $370,582,000).

 

According to the new estimates, the growth will rise to 3.6% and the deficit will stand at NIS 31.4 billion (roughly $8.95 million)

 

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