Kahlon puts forth bid to reduce added-tax in hopes of sparking economy

Finance Minister Moshe Kahlon on Wednesday announced that he is strongly considering the possibility of lowering Israel’s 18 percent value-added tax, a move that could stimulate spending in the moderating economy.

“One of the options we considered to generate growth is reducing the VAT. We are seriously examining this issue,” he told a conference of the Israel Lands Authority.

Kahlon is reportedly considering reducing corporate tax by 1.5 percentage points.

Source: http://www.jpost.com/Israel-News/Politics-And-Diplomacy/Kahlon-puts-forth-bid-to-reduce-added-tax-in-hopes-of-sparking-economy-415048

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