Lapid's Tax Plans Backwards, Says Economist Who Resigned Over It

Former Finance Ministry Chief Economist Michael Sarel says Finance Minister Yair Lapid’s plan to exempt ‘young couples’ from VAT on new homes will cost us all more money.

When the chief economist at the Finance Ministry quit a month ago, it was a victory for Finance Minister Yair Lapid. Somebody in Lapid’s inner circle told me, “His strategic advisers decided to leverage the hatred people feel for economists, having concluded that a big move against the professional echelon at the ministry is exactly what would work now.”