The imposition of Israel’s first capital gains tax on securities profits had no marked effect on the stock market here today.
Some selling pressures caused dips in the prices of investment and real estate stocks but most financial and industrial stocks remained unchanged and a few increased slightly in price. The tax, imposed yesterday, requires payment of a 20 per cent levy on profits in sales of stocks within one year of purchase.
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.
