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«Excess» taxes in 2017 will exceed 16 billion shekels

According to the latest data of tax office action for collection of tax on dividends with the so-called «firms-wallets» brought to the state Treasury 18 billion shekels – $ 7 billion more than projected, and 13 billion more than it collected tax on dividends in 2016.

Together with the surplus to obtain other types of tax, and also including one-time revenue from some large deals, including a deal Mobileye and emission rights to the field «Tamar», the tax «surplus» exceeds NIS 16 billion, not 10 billion, as anticipated a month ago.

It should be noted that part of the tax surplus the government promised to direct on increase in disability benefits. In addition, Prime Minister Benjamin Netanyahu is promoting an income tax cut for the middle class.

«Excess» taxes in 2017 will exceed 16 billion shekels 26.10.2017

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