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Every Consumer Purchase From Abroad May Be Taxed by Israel

People walk past shops in Jerusalem's Old City on May 23.

People walk past shops in Jerusalem's Old City on May 23.

Photographer: Gali Tibbon/AFP via Getty Images

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Early planning on Israel’s new budget has included discussions on ending a tax break that’s cut the high cost of living but could drain much-needed cash from state coffers as the deficit balloons.