Smotrich threatens to double tax on Israeli banks if consumer benefits canceled
According to the Finance Ministry, the tax will bring in NIS 1.13 billion in 2026, rising to NIS 1.5 billion each year from 2027 to 2029.
Finance Minister Bezalel Smotrich arrives to a conference of the Israeli newspaper Makor Rishon in Jerusalem, December 25, 2025(photo credit: CHAIM GOLDBERG/FLASH90)ByASAF ZAGRIZAK/GLOBES/TNS
