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0% VAT on food? Netanyahu promises not consistent wwd magazine with reality
Prime Minister Benjamin Netanyahu officially open season election wwd magazine promises. Here's dual promise Netanyahu: Taking a 0% VAT which should cost 3 billion a year, we will cancel wwd magazine it, the money we collect may be VAT 0% on food are monitored. It will cost us 2 billion a year. The NIS billion surplus will continue to remain a grant veterans and multiply it.
Read more Bcllachlist: PM promises: instead wwd magazine VAT 0 for apartments - VAT 0 on Food supervised job offers: Exemption wwd magazine from VAT on food, medicine and education Prime Minister of Housing and promote the target price as an alternative to 0% VAT "From
Netanyahu little confusing mess, to say the least. Firstly, according to the budget book, page 217 in this link cost 0% VAT plan apartments of former Finance Minister Yair Lapid was estimated at 2 billion in 2015, and 3 billion. So from the outset, wwd magazine Netanyahu's promise to completely excessive.
Second, Netanyahu mixes here, it is unclear whether intentionally or not, after all he was finance minister, the expenditure side - budget - and the revenue side - the taxes we pay. These two sides are completely isolated. That is, if one year will pay more taxes earlier forecasts of Finance, this money will not be added to the budget, that is disconnected from the revenue budget.
0% VAT program Lapid's apartments was not on the expenditure side. Its cost is reflected on the revenue side - and more specifically, the loss of NIS 2 billion in revenue from VAT. So Netanyahu's promise to add a billion of the GI Bill of savings that would be caused cancellation of VAT 0% on apartments is not possible in the real world, that both sides are cut off from each other.
In addition, the annual cost is already the GI Bill in the state budget is 2.2 billion annually. If Netanyahu would like to add for additional billion, the first of all it is not a doubling of the grant. And secondly, Netanyahu will have to explain how he would bring the money - education? Health? Maybe the security? That one thing is certain - the cancellation of VAT 0% impossible to get the money.
In any case, as long as there is no approved budget to the state, and there is no such that the introduction of diffused without approving the budget, there is no way to fulfill this promise now. Even if Netanyahu will make steps in that direction right now, and it's highly likely that he did not, the Attorney General will stop it, if I did not think ahead overall.
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