Israel's Knesset passes Netanyahu's tax hike, budget cuts package

MKs called back from summer recess to approve tax hikes and a one-year tax break for multinational corporations, as part of efforts to close budget hole.

By Zvi Zrahiya | 22:25 06.08.12 |

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Benjamin Netanyahu

Yuval Steinitz

Knesset

The Knesset passed Prime Minister Benjamin Netanyahu’s package of tax hikes and budget cuts yesterday evening by a vote of 28 to 16.

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Israel's Knesset passes Netanyahu's tax hike, budget cuts package

MKs called back from summer recess to approve tax hikes and a one-year tax break for multinational corporations, as part of efforts to close budget hole.

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