Israel's big businesses must share the financial burden, too
The inequality of the huge corporate tax breaks is unjust, unethical and will not improve the standard of living for all Israelis in the end.
The numbers released this week tell the whole story: Four huge corporations received tax benefits worth NIS 5.6 billion in 2010. They paid ridiculously low tax rates and are expected to enjoy similar breaks over the next few years. At the same time, value added tax will rise 1 percent next month and all Israelis will have to pay it. Income tax rates will also rise starting in 2014 by 1.5 percent...
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