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.
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