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Israel tries to lure tech companies with incentives

August 18, 2016 /

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Israel is planning new benefits for technology companies as it seeks to maintain its position as a global hub for innovation.

Finance Minister Moshe Kahlon wants to cut corporate taxes for companies that conduct research and development in Israel and register intellectual property there, according to a ministry official who spoke on customary condition of anonymity. Taxes would drop to as little as 6 percent from the current range of 16 percent to 25 percent, with top benefits going to companies with more than $2.59 billion in annual global sales.

Full Story: http://www.mercurynews.com/business-headlines/ci_30259499/israel-tries-lure-giant-tech-companies-incentives

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