Fischer opposes surtax on super-rich, say sources

24.01.2012                      29.Tewet. 5772                       Jom Kippur Katan

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Fischer opposes surtax on super-rich, say sources

Central bank chief's objection could be why the government rejected socioeconomic panel's proposal to charge the rich more.

Bank of Israel Governor Stanley Fischer reportedly objects to imposing a surtax on high wage earners, and sources say this may be one of the reasons that the government rejected the Trajtenberg committee's call to impose such a tax.
The committee headed by Manuel Trajtenberg had proposed increasing taxes on the wealthy by imposing a flat tax of up to 2% on all income, including salaries and capital gains. This tax would apply to people who earn more than NIS 1 million, and would be charged on top of other taxes such as income tax….