Israeli life sciences firms raised record $2 5 billion in 2020 - report timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.
Feb. 15, 2021
High-tech executives are warning that the Israel Tax Authority could undermine the work of many of the hundreds of multinational research and development centers in the country if it goes through with plans to revise the way many of them are taxed.
The authority is weighing a plan to stop calculating taxes based on the cost-plus system, in which a fixed rate of profit is derived from the center’s costs. Instead, it would tax them based on their parent company’s global profits and the local center’s estimated contribution to them.
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