lots of tourists are attracted buy the fact they get VAT back - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 02.05.13 | 14:46 (IDT)

    Lapid is again showing the fact he is an ammeter, many tourists make spur of the moment buys because they see that sticker saying VAT back and they mentally think they are getting a great deal and spend on something they may not have bought otherwise. Raising hotel prices and expenses are going to drive people away. When people are deciding if they should go to Israel or some other country for their vacation is hotel prices. You make prices to high people will not come and that means not a saving of 300 million shekels but a loss of thousands of millions and loss of jobs. This is a finance minister whose budget will hurt the country but considering we won't really start to feel anything till after the election its doubtful Lapid will pay the price for his economic stupidity on election day and he will still b the smooth talker boasting about things like his hatred of haredii rather that a politician trying to defend his policies on issues that really matter like economics.

    from the article: Tourists to Israel may have to start paying taxes on hotels and services
    First published 12:30 02.05.13 | Last updated 22:07 01.05.13
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