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Israel Tax Burden Ranks Among The World’s Lowest(October 2004)Israel's tax burden, encompassing income and property taxes, customs duties, VAT and national insurance, totaled 28.6% of GDP last year, much lower than in most Western countries. The tax burden of members of the Organization for Economic Cooperation and Development (OECD) averaged 36.3% during 2002-2003. Tax Burden As Proportion of GDP
Source: OECD data cited by Jerusalem Post, (October 25, 2004) |
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