Minister of Finance Yair Lapid is reviewing Israel's corporate tax break policy following "Globes"' successful petition to the courts.
Minister of Finance Yair Lapid is reviewing Israel's corporate tax break policy following "Globes"' successful petition to the courts to order the Ministry of Finance and Tax Authority to disclose the names of the companies which received tax breaks under the Law for the Encouragement of Capital Investment
"In view of the ruling in the case 'Globes' versus the Tax Authority, and in view of the Supreme Court's decision, the Tax Authority today gave 'Globes' the information in the matter of the companies which received tax breaks in 2006-12 under the Law for the Encouragement of Capital Investment," states the Ministry of Finance in a statement. "The tax breaks which were published today were granted in the past under the Law for the Encouragement of Capital Investment, which were approved by the government and the Knesset. These tax breaks are now being reviewed by Minister of Finance Yair Lapid with the objective of updating them and adjusting them to economic needs and reality."
Published by Globes [online], Israel business news - www.globes-online.com - on July 16, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013
Ela Levy-Weinrib and Chen Ma'anit