29 March 2024
Israeli ministry committee calls for tax hike on oil and gas profits
Publication date: 11 November 2010
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A committee set up by Israel’s finance ministry has recommended against raising royalties on offshore oil and natural gas fields but has instead proposed levying a special tax on profits. If the recommendations are accepted, the government’s share of proceeds from oil and gas fields would double to about 66% from the current 3visual_editor%.