Ministry Of Finance Considers Tax Breaks For Israeli IP

June 23, 2015 | Israel’s Ministry of Finance is considering altering the Law for the Encouragement of Capital Investments to grant a tax break to companies that transfer their intellectual property (IP) to Israel. According to a “Globes” report, the committee, headed by former Ministry of Finance Director General Yael Andorn, will submit its recommendations to current Finance Minister Moshe Cahlon for review. The tax break will be stipulated on a number of conditions, one of which requires that the IP be tied to domestic manufacturing. The initiative comes as a number of Israeli entrepreneurs, namely Gil Shwed of Check Point Software, assert that due to a lack of tax benefits in Israel, they prefer to register their IP overseas.