Amdocs in talks to transfer IP to Israel : vimarsana.com

Amdocs in talks to transfer IP to Israel


Amdocs in talks to transfer IP to Israel
The company has sought a pre-ruling from the Israel Tax Authority on the incentives it would receive under the Encouragement of Capital Investments Law.
IT business systems company Amdocs Ltd. (Nasdaq: DOX) is in talks with the Israel Tax Authority about transferring the company's intellectual property to Israel in exchange for tax benefits worth billions of shekels, sources inform "Globes."
The tax benefits that Amdocs will receive are anchored in Israel's Encouragement of Capital Investments Law and include a tax rate of just 6%. Corporation tax in Israel is 23% but Amdocs has paid a far lower rate in Israel for many years under the same Law.

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