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Sunday, August 6, 2017
From the Liveblog of
Sunday, August 6, 2017
High Court strikes down apartment tax in blow to finance minister
Add ToI as a Preferred Source on GoogleThe High Court of Justice strikes down a Knesset law imposing a special tax on homeowners who own more than two pieces of real estate, in a blow to Finance Minister Moshe Kahlon.
The top court rules that legislators failed to comply with Knesset procedures in hastily approving the law in December 2016. It sent the legislation back to the Knesset’s Finance Committee for revisions and additional plenum votes.
The legislation is dear to Kahlon, who threatened in October 2016 to topple the government if the coalition rejected the legislation.
The proposal has been touted as a way to drive down housing prices.
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