CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Finance Ministry Official Says No To Capital Gains Tax

Finance Ministry Official Says No To Capital Gains Tax

by Robert Lee, Tax-News.com, London

14 December 2001


Israel's Ministry of Finance director general, Ohad Marani, has refuted claims that the government intends to impose a 10 per cent capital gains tax on the stock exchange. According to a report from the Israel Business Arena newspaper, the important thing, Marani told reporters was 'not imposing taxes and increasing the tax burden, but cutting government spending in order to avoid an economic and financial crisis.'

But he did imply that there may be some small changes to the tax code in the near future. 'We intend to achieve a balanced system and deal with certain loopholes. There may be some reductions, there may be some increases. The overall tax burden on the public, however, will not be increased. We won't finance budget needs by increasing the tax burden. That's not our plan. Raising taxes isn't under consideration,' said Marani.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »