Israel issued draft bill for repatriating 'trapped profits' at a reduced tax cost

European Tax Newsalert

The Israeli Finance Minister recently announced a temporary provision that would provide an incentive for certain companies owned by multinational investors to repatriate "trapped earnings." The main objective of the incentive is to encourage Israeli companies to distribute dividends out of undistributed profits that were tax-exempt under Israel's Approved Enterprise regime. If enacted, the draft bill may affect certain Israeli companies significantly.

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