New Tax Is An About-Face director of the Jewish Federation of Greater Houston. This plan may be the boldest example to date of the growing cooperation between synagogues Stock market profits will be taxed and Jewish community federa- at 10 percent from the beginning tions, as issues of Jewish identi- of next year, Israel Finance Min- ty rise on the agenda of the ister Avraham Shohat announced American Jewish community. at a hastily convened news con- It was conceived by Houston's ference. Community Think Tank on Jew- This dramatic reversal in gov- ish Continuity, a body composed ernment policy — only two of representatives of the city's months ago, Prime Minister five largest synagogues and its Yitzhak Rabin said there would five largest communal organiza- be no tax on capital gains as long tions, including the federation. as he was in office — follows Like similar think tanks, task July's high Consumer Price In- forces and commissions across dex and this month's 3.7 percent the country, the Houston body cost-of-living increment. Both was formed in the wake of the threaten to further stoke infla- alarm generated by the 1990 Na- tion, now running at 14.5 percent tional Jewish Population Study, annually. with its report of a 52 percent in- On the government's credibil- termarriage rate. ity following this about-face, Mr. Beginning after the High Hol- Rabin said: "When you're talking idays in the fall, Houston's Jew- about the finance minister or the ish community — which prime minister, the public should numbers about 45,000 — will not expect them to tell the whole target one Shabbat a month for truth when you're talking about widespread participation. taxes or a devaluation." The federation will be at the The new tax will be collected center of the program as coordi- by the banks or registered stock- nator and catalyst, budgeting brokers at the source, based on $90,000 for the 18-month project. real profits realized on the day of Federation agencies will play the sale, calculated based on the a key role in creating Sabbath stock's value on Dec. 31, 1994. programming for singles, the el- Mr. Shohat stressed that along derly and new immigrants from with the new tax, there will be a the former Soviet Union. string of tax reductions in areas But it is the synagogue that that affect the prices of goods and will be at the core of the program. labor costs, aimed at fighting in- Synagogues throughout the city flation. are being encouraged to match The purpose of the stock mar- families unfamiliar with Shab- ket tax, which will not be applied bat observance with families who to gains made by provident funds, are familiar, and to make syna- advanced study funds, pension gogue services that week acces- funds and insurance company sible and welcoming to stock investments, is to offset the newcomers. government's revenue loss fol- Traditionally, federations and lowing these reductions. synagogues in America have been separated by a wall akin to that separating church and state under the United States Consti- tution. Both sides were wary of the other, with synagogues see- ing federations as both competi- tors for money and as a secular substitute for religious affiliation. Now, however, that divide is London (JTA) — The long-await- coming down.111 ed first visit to Israel by a mem- ber of the British royal family will take place in October. Authoritative sources have confirmed that Prince Philip will travel to Israel at that time to at- tend a ceremony in Jerusalem honoring his mother, Princess Al- Tel Aviv (JTA)— Israel's cost-of- ice of Greece, for her role in sav- living index rose by 1.1 percent ing Jews during the Second in July, the Central Bureau of World War. He may meet Presi- Statistics announced. dent Ezer Weizman during the The increase, which was high- visit. er than the 0.7-0.8 percent rise The decision to proceed with anticipated by the Finance Min- the trip comes after months of istry, put the annual rate of in- doubt, both here and in flation at 14.5 percent. Jerusalem. July was the third consecutive Although the decision was of- month that the increase an- ficially made by Buckingham nounced by the bureau was high- Palace, royal visits abroad require er than that anticipated by the approval of the Foreign Of- economists. fice. 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