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Talk about a temporary VAT rate cut from 17% to 12%

Avi Simhon, head of the National Economic Council, presented the idea at an economic consultation

Sources:

However, Israel’s Finance Ministry opposes a proposal to slash value-added tax to 12% from 17% in a bid to stimulate coronavirus-battered growth, Director General Keren Terner Eyal said on Tuesday.

Source: bloombergtax.com (subscription needed)

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