BREAKING NEWS

Scholarships to be taxed under Economic Arrangements Bill

By JPOST.COM STAFF

NOVEMBER 1, 2010 21:25

As thousands of students demonstrate against a proposed law providing stipends for yeshiva students, it was revealed Monday that a clause of the Economic Arrangements Bill imposes taxes on scholarships given to students.

All scholarships, except those given by the universities themselves, will be taxed, and it is estimated that tax revenue from the scholarships will amount to tens of millions of shekels.

The Kadima Party criticized Prime Minister Binyamin Netanyahu for the clause, saying that it was "Another one of Netanyahu's bluffs" and that he "is lying once again and laughing in the faces of students."

Some 8,000 students gathered to demonstrate Monday evening, marching from Paris Square to Zion Square in Jerusalem, in protest of the yeshiva stipends law, which passed a first reading in the Knesset last week. The demonstrators carried signs reading such statements as, "I'm investing in the state - who will invest in me?" and "Bibi wake up - the student is worth more."

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