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Mar. 17, 2021
The Amdocs software company has begun a preliminary investigation with the Israel Tax Authority regarding the transfer of its intellectual property to Israel.
Such a move which would enable it to profit from tax benefits in Israel and reduce the effective tax rates it currently pays.
Apparently, this move is being driven by Amdocs' desire to pay a reduced rate of 6% for intellectual property. This reduced rate was set up in order to attract international companies to relocate to Israel.
Transferring intellectual property to Israel could incur great costs, and Amdocs is trying to determine whether the move ultimately benefit it, and how much.