Israel’s “punitive” Sheshinski tax changes to take effect on 1 January 2016

By James Sean Dickson
Published: Friday, 04 December 2015

The refreshed mining tax regime will not be welcomed by ICL, which has previously described the changes as “the most extreme in the world”.

Tel Aviv-headquartered Israel Chemicals Ltd (ICL) issued a document yesterday containing information on how the new Israeli tax regime for mining companies, which will see the company pay more tax on its production and revenues, will affect the company.

Entitled "Economic Efficiency Law (Legislative Amendments for Accomplishment of Budgetary Targets for...

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