Analysis No More Tax Breaks Teva Mass Job Cuts a Slap in the Face of Israel

What have government officials been telling us for years? Teva receives billions in tax breaks so that it will keep its jobs in Israel. It took the money, and now it's firing people.

Teva Pharmaceuticals’ announcement on Thursday that it intends to fire thousands of workers, including around 800 in Israel, is a slap in the face of the state. After all, what have government officials been telling us for years? That Teva receives tax breaks worth billions of shekels so that it will...