Teva Enjoyed Lion’s Share of Tax Breaks in Years 2012-13

Drugmaker received benefits amounting to NIS 6.5 billion, Israel Tax Authority reports.

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Teva Pharmaceuticals enjoyed tax breaks of 6.5 billion shekels ($1.7 billion) in 2012-13, making it by far the largest recipient for those years, figures released by the Israel tax Authority on Monday showed.