Israel plans tax cuts for settlers

Israeli Finance Minister Benjamin Netanyahu is planning tax breaks for settlers in the occupied West Bank and Gaza Strip, according to an Israeli newspaper on Monday.

    Netanyahu's scheme will encourage settlement growth

    The plan comes weeks after tough cuts to a range of welfare allowances came into effect as part of an 11 billion shekel ($2.5 billion) package of spending cuts aimed at reining in a swelling budget deficit.

    Netanyahu plans to give income tax reductions of 13 percent to around 60 settlements defined by the Jewish state as “under threat of terror attack” in return for the support of the right-wing National Union party in passing the economic cuts package in May, according to the daily.

    A spokesman for Netanyahu denied there was any such plan.

    More settlements

    The tax reductions could encourage people to move to settlements.

    Under international law all settlements on the occupied West Bank and Gaza Strip are illegal. Previous efforts to end the Palestinian-Israeli conflict call for a freeze in settlement activity.

    The National Union initially asked Netanyahu to reinstate a seven percent income tax benefit enjoyed by all settlers that was cancelled in the economic plan.

    All settlers in the occupied Gaza Strip, along with selected settlements in the West Bank, will enjoy the tax benefit.

    Netanyahu is stalling presentation of the plan to the government for fear of public backlash following a protest by single mothers against the social benefit cuts that have grabbed national attention, reported the paper.

    SOURCE: Reuters


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.