Treasury to consult Histadrut, industry on reforms legislation

Finance Minister Avraham Hirchson met with Manufacturers Association of Israel President Shraga Brosh and Histadrut Chairman Ofer Eini on Thursday.

By
February 1, 2007 21:32
1 minute read.

 
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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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 Don't show it again

The Finance Ministry agreed to consult with workers and business leaders in formulating into law all aspects of its program to reduce social gaps in the Israeli economy. Finance Minister Avraham Hirchson met with Manufacturers Association of Israel President Shraga Brosh and Histadrut Chairman Ofer Eini Thursday amid calls from the two umbrella organizations that their constituencies should be involved in the issues proposed by the reforms. A Manufacturers Association spokesperson said the sides agreed that Hirchson would present his proposal as planned on Sunday and that a working team with representatives from all parties would review all five points in the reforms before they were presented for legislation. These include the introduction of a negative income tax system, mandatory pension schemes for all workers, widening subsidization of childcare allowances, stronger enforcement of labor laws and raising taxes on company-owned cars - encompassing the plan Hirchson announced earlier this week aimed at encouraging participation in the work force. "In the stage of bringing the proposals to law, I intend to dialogue with representatives from the workers and businesses," Hirchson said. He also responded to concerns that the negative income tax program would come with unnecessary bureaucracy for workers, saying the ministry would work to ensure that workers receive payments directly and not through the business as previously proposed.

Related Content

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

By GLOBES, NIV ELIS