Teva, Intel Top List of Companies Receiving Tax Breaks in Israel

The U.S. tech giant has also benefited from incentive grants for investments at its Jerusalem and Kiryat Gat plants.

Teva Pharmaceutical Industries and Intel Israel were the largest beneficiaries of corporate tax breaks in 2010 at around NIS 2.2 billion and NIS 984 million, respectively, according to recently published government reports.