Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers


More Tax Reforms Ahead In Israel

Israel's economy is forecast to grow 4% in 2005, and the government's budget deficit is expected to be a relatively small 3.4% of gross domestic product for the year. So Finance Minister Benjamin Netanyahu is preparing for another round of tax cuts. He is looking to reduce the corporate tax rate to 30%, from 34%; lower value-added tax by a percentage point, to 16%; and cancel a 2.5% tax on home sales. He is also considering a massive sell-off of state-owned land.

A Finance Ministry official says the finalized plan would be announced within weeks. Initial reports on the tax package surfaced on May 1, the same day that former Citigroup (C) Vice-Chairman Stanley Fischer took over as governor of the Bank of Israel. The news of the planned reforms and the swearing-in of the new governor sent the Tel Aviv stock market's main index to a new record high.

EDITED BY Edited by Rose Brady

blog comments powered by Disqus