business
Israel's Plan to Tax Bank Profits: What's the Deal?
December 24, 2025
Israel is thinking about adding a new tax. This tax would be 15% on extra bank profits. The plan is to do this for five years. The idea is to tax profits that are more than 50% higher than the average from 2018 to 2022. Why are they doing this? Well, the government thinks banks are making too much
