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Israel Considering Imposing Tax on Profits Made in Stock Market

The Israel Government is considering imposing a capital gains tax on profits made in stock market transactions, it was disclosed here today by David Horowitz, governor of the Bank of Israel.

Mr. Horowitz said he personally favored such a levy. While he thought it was justified to tax profits obtained from the rapid buying and selling of stocks, Mr. Horowitz said he was opposed to the taxing of interest on foreign currency deposits on restitution and compensation funds.