Knesset’s Finance Committee passes a heavily amended 3rd apartment tax bill

The Knesset’s Finance Committee on Friday morning, passed what it called a “softened version” of Finance Minister Moshe Kahlon’s bill to tax owners of three or more apartments. The vote came after a heated night-long debate and following the introduction of an array of amendments. The bill will be up for a third and fourth reading at the Knesset Plenum next week as part of the Economic Arrangements Bill.

“At the end of the day, this bill was formulated and submitted by the Finance Ministry and the ministry is the body that makes the taxation regulations. All the changes to the bill – softening it – are changes that were originally submitted by the finance minister himself two months ago,” Kahlon’s spokesman Omri Harush told the Jerusalem Post.

Source: http://www.jpost.com/Israel-News/Knessets-Finance-Committee-passes-a-heavily-amended-3rd-apartment-tax-bill-475600

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