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The deal to sell the share in Bank «Hapoalim» will bring to the state a billion shekels in taxes

The deal, which is owned by Shari Arison investment company «Arison Ahsiket» sell 10% from 20,1% controlled stake in the Bank «Hapoalim» American investment funds, will bring the state about 1 billion shekels in taxes.

Received «Arison Ascot» in the transaction profit (3,25 billion shekels) is subject to tax on income from capital. If sales associated with the holder of a significant stake (over 10%), the tax is 30%.

However, since the purchase was made before 2002, the tax is payable from the date of acquisition in accordance with the existing at each point in time the tax rates.

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The deal to sell the share in Bank «Hapoalim» will bring to the state a billion shekels in taxes 29.09.2017

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