6 Friday, April 18, 1975
THE DETROIT JEWISH NEWS
Israel Gets Tax Proposal Confidence Marks Independence Da _
JERUSALEM (JTA) —
Recommendations for far-
reaching tax reforms in-
cluding a sharp reduction in
the income tax rate and the
elimination of special "al-
lowance benefits" and ex-
emptions, was presented to
Finance Minister Yehoshua
Rabinowitz.
The initial reaction from
the Israel Manufacturers
Association and Histadrut
was favorable, indicating
that they would support the
proposed measures. But
many economists and finan-
cial experts have expressed
fear that they would dan-
Resources
The real wealth, not only
of America, but of the
world, is in the resources of
the ground we stand on, and
in the resources of the hu-
man mind.
—Norman Cousins
gerously reduce the govern-
ment's income and create a
mammoth deficit.
The tax reform report
was prepared by a special
committee headed by Tel
Aviv University economics
professor, Haim Beri Sha-
har. Rabinowitz appointed
the committee following
the devaluation of the Is-
raeli Pound last October
and other economic aus-
terity measures under-
taken by the government
at that time.
Rabinowitz said that if
understandings were
reached with the principal
economic institutions of the
country — the government,
Histadrut and employers --
the reform measures could
be implemented by July 1.
He conceded that the
proposed added value tax,
one of several indirect taxes
that are supposed to com-
pensate the Treasury for the
reduced income tax rate,
"will not be ready by then."
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(Continued from page 1)
as military build-up and
are concerned.
cent of its weapons needs in progress
Should the Arabs attempt
the event that American to repeat the Yom Kippur
military aid_was cut back.
attack of 1973, they would
He also said Israel was to- find a surprise waiting for
tally justified in rejecting them."
pressures to accept Egyp-
* *
tian demands in the recent
bilateral talks because guar-
antees are proving worth- Israeli Military
less as evidenced by the Reacting to Cutoff
present situation in Indo-
TEL AVIV (JTA) —
china.
The validity of agree-
ments made by -the Big
Powers are limited, he
said, noting that the Viet-
cong have violated an
agreement signed with the
U.S. less than two years
ago. He said that if Israel
had given in to Egyptian
demands, Egypt would
have pressed for further
withdrawals and "we
would have found our-
selves in a headlong gal-
lop."
Peres said that President
Anwar Sadat of Egypt was
displaying only verbal mod-
eration in his recent public
statements. Egypt's basic
political strategy is to create
a wedge between the U.S.
and Israel; he claimed.
As to Israel's prepared-
ness, the Defense Minister
stated, "the past year has
been most important as far
Military authorities have
ordered strict economy
and conservation mea-
sures by the armed
forces to maintain Is-
rael's defense ability in
view of the probable
delays in the shipment of
further military supplies
from the United States.
The authorities are re-
viewing logistical and
organizational changes
which the delays may
necessitate and are stu-
dying ways to harness
Israeli industrial enter-
prises for defense pro-
duction.
The authorities are
reacting to reports that
the U.S. will suspend
arms shipments and en-
ter no new arms deals
with Israel pending com-
pletion of the reassess-
ment of Middle East pol-
The choicest, places
along this stretch of water
are at Ahziv, Akko,
Kishon Port, Caesarea,
Michmoret, Herzliya, Tel
Baruch, Jaffa, Bat Yam,
Palmachim, Ashdod and
Ashkelon.
What makes this stretch
even more desirable is that
the authorities permit rod
and line fishing without a li-
cense for the entire Mediter-
ranean coast.
Fishing on the Sea of Gal-
ilee is possible all the year
around. The commonest
type caught in these biblical
waters is known as St. Pe-
ter's fish — the kind so of-
ten served up on large plat-
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Fishing in Israel
JERUSALEM — Israel is
a fisherman's paradise with
three main fishing sites
along the Mediterranean
coast, on the shores of the
Sea of Galilee and in the
Gulf of Eilat.
About 25 main varieties
of fish can be caught with a
rod and line although the
breeds that are available
vary according to the sea-
sons. „
The best seasons along
the Mediterranean coast are
in our spring and autumn
when the sea is normally
calm. But on average it is
possible to fish in the Medi-
terranean for about 250
days of the year.
yxxxxxxxxx)(xyx
icy ordered by President
FOUND IN
Ford last month; that
Defense Minister Shimon
x DETROIT
Peres has been asked by x
THE LOST ART
American authorities to
OF TAILORING X
postpone his visit to
At Steve Petix, the
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home of the immaculate
tion with arms pur-
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chases; that the U.S. has
clothing.
X
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X
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(to 5:30 Sat.)
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Ample parking <
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rael wants to buy; and
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rael.
ters
at
the
many
restaurants lining the shore
in and around Tiberias.
Other varieties include carp,
grey mullet, barbel and sil-
ver carp.
Down at the Gulf of Eilat
barracuda, grouper, farida,
mullet and red snapper can
be found. April and May
and November and Decem-
ber are the real fishing sea-
sons but there is no diffi-
culty in catching some fish
during most other months.
Regard as trifling the
great good you did to others
and as enormous the little
good others did to you.
—Talmud
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