Is this reverse psychology or what?
The Ministry of Finance and Histadrut (General Federation of Labor in Israel) signed an agreement in principle last night. Under the agreement, the Ministry of Finance agreed to rescind three new taxes: on advanced training funds, on severance pay, and on shift work. In exchange, the Histadrut agreed to postpone a cost-of-living increment for public sector employees to 2006, and not to go on strike.
Minister of Finance Benjamin Netanyahu said the agreement would not breach the budget framework, thanks to an increase in tax revenues and previous cuts.
Really, I don't know.
Posted by David Boxenhorn at December 12, 2004 03:25 PM