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| Israel-Palestine-Jordan |
| Netanyahu's Deregulation Chief Seeks to Cut Bureaucracy, Taxes |
| 2017-03-07 |
| h/t Instapundit Israel is ratcheting up its deregulation efforts to stimulate economic growth and attract multinational companies, according to the director general of Prime Minister Benjamin Netanyahu’s office. Eli Groner, who coordinates among various government agencies to implement Netanyahu’s economic policies, says regulations have been cut in 27 areas of the economy, from cosmetic imports to the hotel industry, with a goal of reaching 60 areas by the end of next year. Efforts to simplify regulation were presented this week to the cabinet as part of a wider two-year plan for government ministries. "Over the last couple of decades we’ve had regulatory creep and we’ve created an environment that’s over-regulated," said Groner, a former McKinsey & Co. consultant who immigrated to Israel at age 15 from New York. "There’s a very clear correlation between a country’s standard of living and an excessive regulatory environment," he said in an interview in his Jerusalem office. "When you increase a lot of wasteful costs into the system that don’t create value, at the end of the day those wasteful costs filter down to the end consumer." |
| Posted by:g(r)omgoru |