Last-minute Compromise averts JNF Taxation Bill

Globes is reporting that “The Jewish National Fund (JNF) and the State of Israel reached a last-minute compromise last night just before a bill requiring the JNF to transfer money to the state was put before the Knesset for second and third reading.

Under the compromise, the JNF will transfer NIS 1 billion to the state in fiscal year 2018, NIS 400 million in 2019, and NIS 400 million in 2020. Prime Minister Benjamin Netanyahu’s bureau chief Yoav Horowitz negotiated the compromise with JNF chairman Danny Atar.

In the light of the compromise agreement, the bill was withdrawn.”

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