Why Israel suddenly noticed that the biggest firms pay the lowest tax
More tax could pay for social reforms otherwise hamstrung by the gov't's cringing before powerful economic forces
Holy hell broke out at the Finance Ministry last week. The budgets department and the accountant general suddenly took note that Israeli corporate giants, and the local arms of multinationals, had paid ludicrously small amounts of corporate tax relative to their accrued profits. The intrepid finance officials therefore announced they would tell the companies to fork out some tens of billions of shekels in tax,...
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