Lapid plan would penalize bankers with high salaries
Finance Ministry says capping financial leaders’ wages will force down executive pay countrywide
A new initiative by Finance Minister Yair Lapid would cap the salaries of top executives at financial institutions that manage public money. Under the plan, salaries above 3.5 million shekels a year, including bonuses, would not be recognized for tax purposes − meaning these executives would pay much higher taxes. Salaries above 3.5 million shekels would also need to receive the...
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