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Amdocs in talks to transfer intellectual property to Israel

Friday 19 March 2021 | 10:47 CET | News
IT business systems company Amdocs is in talks with the Israel Tax Authority about transferring the company's intellectual property to Israel in exchange for tax benefits, Globes reported.  The benefits are anchored in the Encouragement of Capital Investments Law and include a tax rate of 6 percent. Corporation tax in Israel is 23 percent but Amdocs has paid a far lower rate there for many years under the same law.

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Categories: Mobile & Wireless
Countries: Israel
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