Treasury Unlikely to Go After NIS 62b Untapped Corporate 'Trapped Profits’

Officials say they doubt many corporations would respond if a new tax-break program was offered.

Nov 29, 2013 5:24 AM

The window for companies to pay a reduced tax rate on their so-called “trapped” profits expired November 11, with some 214 companies offering to pay on some NIS 60 billion in profits. It produced a windfall of...

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