- Israeli Government proposes hiking the standard rate of value-added tax to buoy nation’s finances
- Proposal must be approved by lawmakers as part of ongoing Budget negotiations
- Value-added tax rate would rise from 17% to 18% in 2025
- Measure criticized as regressive by lawmakers from both coalition government and opposition
- Critics argue that cost of living is already swelling
Source: answerconnect.cch.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
