Eilat Port Chairman: government should cut car tax to increase demand

Adv. Yair Hazan: The international recession has created a situation which dramatically slowed down car sales in Israel
 
Eilat Port's Chairman of the Board, Adv. Yair Hazan, said last week that the international recession has created a situation which dramatically slowed down car sales in Israel.
 
In a press release Hazan noted that over 30,000 cars were in storage at the port at the beginning of February. He added that any decision to cut car tax will have direct effect on the Israeli car market. “Israeliswill buy more cars, the government will generate more revenue which will enable the government to invest more money to stimulate the economy”.