Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

israel/EAST MEDITERRANEAN

Israeli Cabinet Approves Sheshinski Committee Recommendations

The Israeli cabinet on 23 January approved the recommendations made by the Sheshinski Committee to reform the countrys tax regime on hydrocarbon revenues. The committees report will now move to the Knesset where it will be debated with a view to the passage of a new law before the end of April. Prime Minister Benjamin Netanyahu voiced his support for...