Israel launches sovereign wealth fund

Dixie

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Nicely after plan, Israel will start its sovereign prosperity fund this 7 days, when Minister of Finance symptoms the order to create it on June 1. This follows the announcement by Israel Tax Authority head Eran Yaacov that the levies gathered below the All-natural Resources Profits Law has exceeded NIS 1 billion.

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Israel’s sovereign wealth fund is intended to include all the revenues that enter the state coffers from the excess income taxes that have been imposed on Israel’s gas fields because 2011 (Sheshinski 1), as very well as the revenues from extra income taxes imposed on all-natural

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