Minister Simhon: Lower VAT on basic food, medicine, daycare

By JPOST.COM STAFF
August 2, 2011 14:40

 
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Industry, Trade and Labor Minister Shalom Simhon called Tuesday for the Value Added Tax on basic foods, medicine for the elderly, and toddler daycare centers to be reduced to eight percent.

Lowering the VAT on those items from the usual rate of 16% would increase the spending power of the middle class, he said in an interview with Israel Radio.

“Until now the middle class has carried a load greater than its proportion to the population, and the balance has to change,” he said.

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