Government weighing tax cut for global firms

29.05.2012                      08.Siwan. 5772                    Isru Chag

Wirtschaft:

Government weighing tax cut for global firms

At stake is some NIS 100 billion in profits awaiting a verdict from Finance Minister Yuval Steinitz, who is likely to make a decision later this week.

Treasury officials are debating what rate of tax Israel will impose on multinational companies that have accrued profits over the years in Israel and now want to take them overseas as dividend….