Netanyahu cabinet boosts taxes on Israel’s rich after social protests

31.10.2011                      03.Cheschwan. 5772                       Ta'anit BH"B


Netanyahu cabinet boosts taxes on Israel's rich after social protests

Cabinet approves taxation section of Trajtenberg report for socioeconomic change, which includes raising tax on stock market profits, corporations.

Prime Minister Benjamin Netanyahu's cabinet approved the taxation portion of the Trajtenberg report on Sunday, levying heavier taxes on both corporations and the extremely wealthy.
Earlier this month, the cabinet approved in principle the report by the Trajtenberg Committee for socioeconomic change, the result of a social protest movement which swept Israel all summer….