4 Articles
4 Articles
Israel proposes carbon tax that could add $86 to the cost of long-haul flights
The Israel Tax Authority estimates the proposed levy would raise 1.1 billion shekels (about $350 million) annually and increase ticket prices by 4% to 5%. Foreign residents and the country's top 10% of earners would shoulder most of the tax burden
Economy: In anticipation of discussions on the new State budget, the Tax Administration has proposed a special tax on planes leaving Israel.
The Tax Authority has published a position paper recommending imposing a tax on flights departing from Israel based on the weight of the aircraft and the distance of the flight, a step that is expected to bring in about 1.1 billion NIS per year to the state treasury. The move will make airline tickets more expensive for consumers by about 12 NIS for a domestic flight, about 58 NIS for a flight to Europe, and about 274 NIS for long-haul flights t…
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