Smotrich seeks to tap bank coffers amid discussions of sector-specific taxation
2 reports, 1 independent
Updated Sun 00:00
No new developments lately
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Bezalel Smotrich has been criticized for seeking to utilize the financial resources of the banking sector. During the first half of 2026, banks earned NIS 15.7 billion. A team recommended a one-time tax on banks, and an agreement was reached regarding sector-specific taxation.
From jpost.com
Why it matters
The high profitability of the banking sector, which reached an average of 15% return on equity in the second quarter, has been under scrutiny. The Finance Minister has been involved in discussions regarding fund returns and taxation that could affect bank operations.
From jpost.com
Who's involved
- Bezalel SmotrichIsraeli politician who has been criticized for seeking to utilize the financial resources of the banking sector.
- finance ministryThe government body responsible for leading and directing the finance ministry's fiscal policy and operations.
Keep exploring
The entities involved
-
Bezalel Smotrich
Israeli far-right politician (born 1980)
- Banks