A Rough Morning After for Israel's Tax Authority

Steep tax hikes on alcohol, beer didn't bring more revenue, just pirating and smuggling. Last week rates were cut and the lesson learned: Excessive tax brings undesirable results.

comments Print
In 2010, the duty-free shops at Ben-Gurion Airport accounted for about 9% of all alcoholic beverages sold in the country measured by bottle, but the airport stores accounted for more than a third of all...