Government approves Lapid's proposal to cancel scheduled tax hike

By JPOST.COM STAFF
December 8, 2013 14:25

 
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The government voted Sunday to approve Finance Minister Yair Lapid's proposal to cancel a tax hike scheduled to take effect on January 1, 2014.

The decision is expected to decrease income to the state by approximately NIS 3.3 billion.

Government spending will be cut by the same amount in order to avoid hurting efforts to lower the deficit.

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