Court suspends housing tax - News Summed Up
Court suspends housing tax

Court suspends housing tax

April 17, 2019 12:11 UTC

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Court suspends housing tax


Cofek said implementation of the Housing Fund levy will increase unemployment as employers will opt to cut down their workforce to cope with inflation. “The scheme does not guarantee that all contributors under the scheme will get houses after investing their money,”Kurauka submitted. The FKE argued that the levy promotes impracticality on emphasizing ownership as opposed to the modern trend of accessing housing. “It is unreasonable to compel a citizen who will not secure a house to contribute towards house ownership of another person without corresponding benefit,” he said. Some communities like the Njemps do not allow formal modern housing designs.


Source: The Star April 17, 2019 12:11 UTC



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