Middle East Economic Survey
VOL. LIV
No 13
28-Mar-2011
israel
Sheshinski Hydrocarbon Tax Proposal Passes Knesset Finance Committee
Legislation designed to increase the amount of tax paid by energy companies on profits accrued through the sale of hydrocarbons was passed by Israels Knesset Finance Committee on 23 March. The legislation, known as the Sheshinski Committee recommendations, proposes that a 12.5% royalty be maintained on oil and gas production licenses and that a progressive tax of...
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