Middle East Economic Survey


No 10



Sheshinski Tax Recommendations Pass First Reading In Knesset

A bill put forward by Israels Finance Ministry to increase taxes on revenues earned through the sale of the countrys hydrocarbon resources passed its first reading in the Knesset on 28 February by a vote of 38 in favor to 8 against and one abstention. The bill is based on the recommendations made the Sheshinski Committee late last year, which urges that an existing...