Unilateral State: Israel would no longer collect Value Added Tax on behalf of the Authority

July 6, 2011
…and that would mean that the immense monthly fund transfers to the PA and to Gaza shall draw to an end. The Oslo Accords shall be annulled! Why is almost everything more expensive in Israel?

Israel’s consumer markets resemble the European model. A  value-added-tax (VAT) of 16 percent is either added to or included in  every transaction, and there are almost no exemptions. Import tariffs  ranging from 30 to 75 percent, along with transportation and shipping  expenses, also add to wholesale and retail costs.