OrbitaxThe Knesset has approved a reduction of tax corporate income tax from 34% to 25% by 2010.
|Approved Changes|Israel
Meanwhile, a joint committee of the Tax Authority and the State Revenue Administration, formed to develop a tax reform plan, has made the following additional proposals:
| - | to introduce a holding company regime, including a participation exemption for both dividends and capital gains derived from Israel's securities markets; and | …
