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The Knesset has approved a reduction of tax corporate income tax from 34% to 25% by 2010.

|Approved Changes|Israel
Israel

Meanwhile, a joint committee of the Tax Authority and the State Revenue Administration, formed to develop a tax reform plan, has made the following additional proposals:

-   to introduce a holding company regime, including a participation exemption for both dividends and capital gains derived from Israel's securities markets; and
-  
to introduce a tax exemption for capital…

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