Israel’s finance minister is promising no new taxes. Benjamin Netanyahu promised Sunday that the government would not levy new taxes next year, denying press reports that Israel’s treasury would introduce new taxes to cut the state’s deficit. Israel’s marginal income tax reaches 55 percent. The rate of value added tax is 18 percent.
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.