Jerusalem Post

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BREAKING NEWS

Minister Simhon backs reducing value added tax on food

By NADAV SHEMER

JUNE 29, 2011 14:18

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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