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It may destroy the value -added tax of Yair Lapid 0 % Economy of Israel
I can no longer sit quietly because Yair Lapid’s childish policy and honor threaten our economy. Many journalists have already written his proposal to Swiss cheese to reduce value -added tax on residential purchases to 0 %. However, what we did not take into account is that he does not only do this popular proposal not to achieve the goals he set to achieve but threaten the economy as a whole.
While Labid is good in his endeavor to reduce housing prices, his proposal will complete the exact opposite. Themarker was reported correctly What we all knew: the data does not support Lapid’s suggestion. The way the VAT law is regulated 0 % of Lapid with PEG to the average prices, the law will not be exempted specifically from the value -added tax of the apartments consisting of 3 and 4 bedrooms usually buys the young couple. It is clear that Lapid did not look at real housing data when he made the proposal. He admitted to the same amount when he said they preferred the speed of the law through the accuracy of the proposed interest. This is in addition to the assertion by senior economists that reducing the value -added tax to 0 % will increase the demand for apartments in our backed market. Labid addresses the wrong part of the problem.
Instead of treating the aspect of the supply by reducing bureaucracy and obtaining more accredited apartments and construction faster, Labid encourages the wheels of demand through sharp benefits and misleading tax tariffs. If this reminds you of the free Alan Greenspan funds that led to the collapse of American housing, you will be right.
However, this is not the worst part of the proposal. The value -added tax reduction will take 4 billion NIS in tax revenue away from the government. Our historical debt to GDP was 3 %. We managed to support this as an economy because Israel’s growth rate was 3 %. However, the war in Gaza will fly some fracture of the domestic product rate of GDP. For the argument, let’s say it is 0.4 %. Add this to the fact that the government and the Bank of Israel were already vulnerable to a growth of only 2.8 % and you will see that Lapid takes us on a shelf. Just as the growth will slow this year, Labid will rise to the height and create a 1 % -1.5 % gap between debt and gross domestic product growth. In terms of ordinary, we spend and do not invest in growth. This is a recipe for disaster. When international classification agencies look at this, they will consider reducing Israeli debt classifications that will make them more expensive to borrow money, increase our national interest payments, which will increase debts and will harm the economy in a significantly. Lapid proposal.
So why do he follow it? Because so far he has nothing to show his promises to the middle class that he will improve a lot as minister of finance. Since he wants to be common and re -elected and evaluate that the value of the tax rate of 0 % for new homes will provide him with great value before another person pays economic damage in the long run. Since I am concerned about my children who get married now and need to buy homes, I call everyone to join me and call all MKS and ministers to defeat Lapid’s proposal.
http://sixkidsandafulltimejob.blogspot.com/2014/08/yair-lapids-0-vat-might-destroy-israels.html
