BREAKING NEWS

Minister Simhon backs reducing value added tax on food

Industry, Trade and Labor Minister Shalom Simhon said on Wednesday that he supports a proposal by Manufacturers Association President Shraga Brosh to reduce the value added tax on food products at the beginning of 2012.
 Simhon, who was speaking at a conference hosted by the association in Tel Aviv, said, “We must implement a reduction in VAT on food items and other essential products such as medicine.”
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