My well-off brethren, you must act now
The big money in Israel is with big capital, which is doing great things but contributing too little to the general good.
Last week Teva Pharmaceutical Industries’ tax payments were finally disclosed. On its Israeli operations, Teva paid 20.3 percent tax in 2003, 7.4 percent in 2008 and 0.3 percent in 2012. On last year’s pretax profit of $1.6 billion, Teva paid only $5 million. Out of every NIS 1,000 the flagship company of Israeli patriotism earned, only NIS 3 reached the state coffers.