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Israel may adjust corporate tax after U.S. slash: finance minister

Reuters  |  JERUSALEM 

JERUSALEM (Reuters) - Israel may have to make adjustments to its corporate tax rate, Finance Minister Moshe Kahlon said on Saturday in response to a tax slash approved by the U.S. Senate.U.S. President Donald Trump said the U.S. tax overhaul could cut the corporate tax rate from 35 to 20 percent once the Senate and House of Representatives reconcile their respective versions of the legislation. The corporate tax rate in Israel is to be reduced this month from 24 to 23 percent. But a lower, more attractive, rate in the United States could lead Israeli companies to consider moving there."We ...

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First Published: Sun, December 03 2017. 08:30 IST