Israel to Introduce Measures Supporting the High-Tech Industry

Israel's Ministry of Finance has announced that the Ministerial Committee for Legislative Affairs has approved draft legislation for the introduction of a package of tax measures to support the advancement of Israel's high-tech industry. Measures include the following:

• To encourage growth and keeping intellectual property in Israel, Israeli companies will be allowed to recognize the cost of acquisition of both domestic and foreign high-tech companies as a tax-deductible expense (deductible …