we cannot ban exports but we must get taxes - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 29.05.13 | 21:40 (IDT)

    Considering the state didn't invest a single shekel of its own money into drilling and brining up of his gas it is only fair we allow the companies who are spending all the money to sell a percentage abroad. The government needs to decide whats the maximum it will allow to be exported and then set a tax policy make sure we get our share of the profits. Its also good for us that we export a small amount because then we earn money which can then be used to pay for gas we buy, if we do all the buying and non the selling then we don't actually get an income from this gas because we are buying it all back from the drilling companies so we can use it. ( paying to use our own gas ). As long as we have enough gas to last a substantial number of years and we get out share of the profits then its all fine and dandy.

    from the article: Israel could lose millions on natural gas discoveries due to lack of export policy
    First published 02:55 29.05.13 | Last updated 01:44 29.05.13
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