Skip to content
businessgrants

businessgrants

Award Winning Business

Primary Menu businessgrants

businessgrants

  • Winning business
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • finance

Israel launches sovereign wealth fund

1 month ago Magenet Magenet



&#13

Perfectly right after plan, Israel will start its sovereign prosperity fund this week, when Minister of Finance signs the purchase to build it on June 1. This follows the announcement by Israel Tax Authority head Eran Yaacov that the levies collected less than the Purely natural Resources Gains Law has exceeded NIS 1 billion.

&#13

Related Posts:

  • Liberman targets foreign residents in real estate tax reforms

Israel’s sovereign wealth fund is meant to consist of all the revenues that enter the point out coffers from the excess profit taxes that have been imposed on Israel’s fuel fields considering the fact that 2011 (Sheshinski 1), as nicely as the revenues from extra gain taxes imposed on all-natural source production due to the fact 2016, which include potash, bromine and phosphates (Sheshinski 2).

&#13

The regulation establishing the sovereign prosperity fund was enacted in 2014. The fund is created to take care of the revenues to improve the extensive-phrase passions of Israel’s citizens for generations to arrive.

&#13

In accordance to the legislation, the fund can commence running as shortly as the NIS 1 billion threshold has been crossed. 12 months soon after that day, which will be June 1, 2023, the fund can begin distributing up to 3.5% of its revenues every year for social, economic and educational aims in accordance to proposals submitted to the authorities and matter to acceptance by the fund’s establishments headed by its council.

&#13

The fund has accrued NIS 1.14 billion to day with an supplemental NIS .836 billion in levies gathered from natural means that have not still been placed in the fund simply because they have not nonetheless been section of the companies’ annual stories. Hence the sovereign wealth fund would really have a full of NIS 1.950 billion. Most of the dollars to date has arrive from the Tamar gas industry.

&#13

Minister of Finance Avigdor Liberman said, “The dollars is coming again to the citizens. The revenue from Israel’s organic resources ought to be for the benefit of the citizens and I am delighted that in a 12 months of setting up the governing administration the fund will start off to operate and tens of hundreds of thousands of shekels will move again to the general public.”

&#13

Posted by Globes, Israel business news – en.globes.co.il – on May possibly 30, 2022.

&#13

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

&#13
&#13



Resource hyperlink

Tags: "Georgia Business Search, American Express Business Cards, Att Business Customer Service, Att Business Internet, Att Business Login, Bad Business Codes, Bank Of America Small Business, Buffalo Business First, Business Administration Jobs, Business Administration Salary, Business Analyst Jobs, Business Card Dimensions, Business Casual Female, Business Casual For Women, Business Casual Women Outfits, Business Ideas 2021, Business Letter Example, Business License California, Business Name Search, Business Process Reengineering, Business Proposal Template, Buy A Business, Card For Business, Chase For Business, Chase Ink Business Card, Columbia Business School, Costco Business Center San Jose, Emirates Business Class, Facebook Business Account, Fictitious Business Name, Florida Business Entity Search, Ga Sos Business Search, Google Business Email", Houston Business Journal, Illinois Business Search, Instagram Business Account, Is Lularoe Still In Business, London Business School, Master Of Business Administration, Men'S Business Casual, Pittsburgh Business Times, Qualified Business Income Deduction, Sacramento Business Journal, Secured Business Credit Card, Standard Business Card Size, T Mobile Business, Texas Business Search, Tië³´o The Business, Top Business Schools In Us, Types Of Business

Continue Reading

Previous Nigeria finance minister: low oil output barely enough to cover petrol imports
Next Tennessee governor signs campaign finance and ethics bill | National Government and Political News

More Stories

Money
  • finance

Business Insurance: Top Tips To Ensure It’s Correct For You

16 hours ago Magenet Magenet
  • finance

Finance’s Roe v. Wade conundrum

16 hours ago Magenet Magenet
The Only Listicles Guide You'll Ever Need 📝
  • finance

What does financial and rate benchmarking mean at TrinityP3?

2 days ago Magenet Magenet

Recent Posts

  • Cision and Meltwater Face Competition From Smaller PR Tech Firms
  • Insider, Forbes and Reuters are top biz news sites in UK
  • GM Is Training First Responders on Electric Car Crashes
  • Business Insurance: Top Tips To Ensure It’s Correct For You
  • Finance’s Roe v. Wade conundrum

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • business
  • business
  • business & finance
  • finance
  • general
  • Winning business

visit now

business plan
Intellifluence Trusted Blogger

backlinks

textlinks

Related Article

  • Winning business

Cision and Meltwater Face Competition From Smaller PR Tech Firms

14 hours ago Magenet Magenet
  • general

Insider, Forbes and Reuters are top biz news sites in UK

14 hours ago Magenet Magenet
  • general

GM Is Training First Responders on Electric Car Crashes

15 hours ago Magenet Magenet
Money
  • finance

Business Insurance: Top Tips To Ensure It’s Correct For You

16 hours ago Magenet Magenet
  • finance

Finance’s Roe v. Wade conundrum

16 hours ago Magenet Magenet
businessgrants.xyz | CoverNews by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT