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NoneOfUrBusiness ,

This is why BDS is important.

CliveRosfield ,

And that’s why I’m forever AMD

db2 ,

Literally everything about that title is gross.

steventhedev ,

Intel, whose investment will be over five years, will pay a corporate tax rate of 7.5% instead of 5% previously. The normal tax rate is 23%, but under Israel’s law to encourage investment in development areas, companies receive large benefits.

Usually these types of grants are never a good investment but the increased corporate tax rate alone covers a third of the grant (9b yearly taxable revenue at 2.5% over 5 years comes out to 1.125b).

AstridWipenaugh ,

That’s the same kind of logic you use about how much you saved when you buy something on sale. Would have saved more if you didn’t buy it at all; Israel would collect more tax money if they didn’t give them massive subsidies and tax breaks.

NoneOfUrBusiness ,

Does "development area" include West Bank settlements? If so this is extra-disgusting.

CriticalMiss ,

No, the south. They already have a factory outside Kiryat Gat, I’m assuming they’ll just expand their operations there

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