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Knesset Gets Bill Providing Concessions for Foreign Investors

A Government-sponsored bill to provide more extensive concessions for capital investments in Israel was introduced in Parliament here today by Finance Minister Levi Eshkol. He described the measure as “the most liberal in the world” among countries with controlled economy.

The new measure would exempt foreign investors from the inheritance tax even if the investor became a local resident or an Israeli citizen. The measure supersedes an older bill passed by Parliament in 1950.