Israel’s national budget for the coming fiscal year will contain increases in income taxes of middle and higher brackets which were reduced last year, it was reported today. The budget is expected to be presented to Parliament on February 14.
The increases will be in line with recommendations of a Governmental committee headed by Chaim Zadok, who was subsequently named Minister of Commerce and Industry. The middle brackets in Israel begin with wage-earners with monthly incomes of more than 600 pounds ($200).
Driving license fees and other government service fees will also be raised in the new budget, as well as duties and excises on cigarettes, liquor, locally-made automobiles and other items.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
