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International arbitration has ordered HP to pay Israel 1.6 billion shekels in taxes

International arbitration has sided with the tax administration of Israel and ordered HP to pay 1.6 billion shekels of taxes for the withdrawal of Israel from intellectual property received when you purchased the software company Mercury in 2006.

This amount needs to be paid in excess of NIS 1.5 billion that HP paid to Israel when you make a deal, «kalkalist».

The litigation between the IRS and the HP lasted for more than 10 years. Israel demanded that the company pay the tax at the rate of 25% of the value of the stock Mercury 16 billion shekels, but the company insisted on paying only 1.5 billion.

International arbitration has ordered HP to pay Israel 1.6 billion shekels in taxes

20.07.2017

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