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Record NIS 14-15b tax receipts expected in May.
(From Israel Business Arena)
Byline: Zeev Klein
The slowdown during the first quarter of 2005 ended in May. Tax receipts for May are projected to total NIS 14-15 billion, of which a fifth are purchase taxes on vehicles. May will be Israel's best tax month since independence in 1948.
The sharp increase in tax receipts for May is due to renewed growth in economic activity and rising demand for consumer products and 2006 model vehicles, especially commercial …
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