Employers off the hook / The Trajtenberg reforms that vanished

06.10.2011                      09.Cheschwan. 5772

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Employers off the hook / The Trajtenberg reforms that vanished

Why push through the plan just to ensure that the NII would have money to pay pensions in the future? The future is far away. Apparently the NII will be waiting a long time for salvation.

Last week, the cabinet celebrated its decision to pass the first chunk of Trajtenberg reforms – the recommendations that Prof. Manuel Trajtenberg's committee for social and economic change drafted regarding tax policy. Yet in its celebratory mood, it forgot to mention that two clauses hadn't passed. Surprisingly – or not – both measures relate to the country's largest employers.
One clause, which called for dropping import duties, will be carried out over a longer time frame. The second clause, however, vanished entirely, despite Prime Minister Benjamin Netanyahu's promise to Trajtenberg that he would pass his committee's recommendations in full….