Israelis buying fewer cars and paying less for them
Tax Authority figures show that number of cars imported to Israel dropped 12.9% in 2012; 82% of cars bought that year received tax breaks for being environmentally friendly.
Israelis are buying fewer automobiles and paying less for them because of two key reforms in the auto sector: raising the cost of company cars and offering tax reductions on environmentally-friendly vehicles. The trend was made clear in figures released on Tuesday by the Tax Authority, which showed that revenues from car-related taxes dropped 11.8% to NIS 8.2 billion last year, the second...
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