Lapid meets with Teva CEO over tax hikes for corporations

May 10, 2013 19:07

Finance Minister Yair Lapid met with Teva CEO Jeremy Levin on Friday to discuss Lapid's intentions to raise taxes for large corporations.

"It is time to change the rules of the game on non taxable income of international companies and on tax benefits," Lapid told Levin in the meeting.The two agreed to open negotiations on these changes.

Globes reported in March that Teva Pharmaceutical Industries received a NIS 3 billion tax benefit from the State of Israel in 2011. This, according to the report, is the largest tax benefit given to a single company in Israel to this day. staff translated this report from Hebrew.

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