Forbes believes in local growth

Steve Forbes, businessman and chief editor of Forbes Magazine, raised high hopes for the growth potential of the Israeli economy if liberalization reforms are continued and taxes lowered.

By SHARON WROBEL
June 6, 2007 07:22
1 minute read.
steve forbes 88 298

steve forbes 88 298. (photo credit: Courtesy Photo)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Steve Forbes, businessman and chief editor of Forbes Magazine, raised high hopes for the growth potential of the Israeli economy if liberalization reforms are continued and taxes lowered. "The Israeli economy demonstrates that when you reduce the heavy-handed government burden wonderful things happen. Even though Israel still remains in a very tough neighborhood, if these reforms are continued, the Israeli economy should show greater economic growth," said Forbes at a conference in Tel Aviv celebrating the third anniversary of the Forbes Israel Hebrew Magazine. "The great strength of the Israeli economy is the human mind and high technology and the importance of the brain over the matter." On Tuesday night, Forbes received a honorary degree from Haifa University. Forbes, a strong supporter of a flat tax rate policy, said he hoped that Israel would introduce a simplified tax code with low tax rates as a basis for higher growth. "When you lower taxes the economy prospers, which has been proven time and time again and still politicians find this difficult to understand," Forbes said in a discussion with Likud Chairman Binyamin Netanyahu, talking about the Israeli economy in the global world. Netanyahu added that if Israel continued to lower taxes, reduced government intervention and increased competition, the economy could grow between 7 and 9 percent annually for a decade.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS