Prime Minister Binyamin Netanyahu on Tuesday said that his government
fully accepts the recommendations of the Sheshinski Committee in regard
to taxation of profits from Israel's natural gas fields.
"The committee found the proper balance between the needs of Israel's
citizens and the investors; therefore, I have decided to accept the
conclusions," said Netanyahu speaking at a conference of
secretary-generals in Jerusalem.
Netanyahu said that he intends to set up a fund for education in
elementary schools and high schools with the money earned from taxing
the natural gas profits. He added that some of the money would go
"There is no doubt that this resource is a strategic point which
Israel's enemies will attempt to hurt. Therefore, I decided that Israel
will take part in defending the property of this project."