Israel announces special bank tax after surge in profits

NAMPA / Xinhua

2025-12-23

JERUSALEM, Dec. 23 (Xinhua) -- Israel's Finance Ministry announced on Tuesday that a special tax will be imposed on the country's banks after they reported substantial profits this year. Israel's banking sector is dominated by five major banks, which together registered profits of 24.7 billion shekels (7.73 billion U.S. dollars) in the first three quarters of the year, according to central bank data. Following recommendations from a governm......

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