28.07.2011                      26.Tammus, 5771

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Where the shekel stops / Teva, darling of the nation

According to unofficial estimates, Teva's corporate tax rate is practically zero.

Teva Pharmaceutical Industries is the darling of the nation. There's a reason it's called "the people's stock." The thing is, Teva is the darling of the nation in more than one respect. Israelis like to buy the stock and the state likes to pamper the company, through tax breaks.
According to unofficial estimates, Teva's corporate tax rate is practically zero….