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Israel may remove 200 shekel note
The Israeli Tax Authority has proposed abolishing the 200-shekel banknote as part of efforts to combat tax evasion and fund the budget, as this could potentially lead to additional tax revenues ranging between 20 and 30 billion shekels annually. Additionally, the government is facing significant financial challenges, with expectations of increased taxes next year due to rising defense expenses and the costs associated with mobilizing reserve forces. The government is also attempting to implement stricter financial measures to secure funding for security, including tightening restrictions on cash payments and expanding income and value-added tax coverage.
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