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Tech Startups: It may not mean jobs shifting overseas en masse - the tech sector accounts for 14% of Israeli jobs - but registering companies or intellectual property (IP) abroad can affect where taxes are paid and so impact government revenue.
A rising number of Israel's tech startups are integrating into the United States, lured by U.S.' deep-pocketed funds and pro-business policies,...
The economic risk for Israel's government is that its plans, which have sparked unprecedented nationwide protests, scare a tech industry that accounts for almost a fifth of the country's gross domestic product and about 30% of tax income. Some entrepreneurs already appear to be voting with their feet.
A growing number of Israel's tech startups are incorporating in the United States, attracted by deep pocketed U.S. funds and pro-business policies, and with an extra push from a planned judicial overhaul at home that has rattled investors. That marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically. It may not mean jobs shifting overseas en masse - the tech sector accounts for 14% of Israeli jobs - but registering companies or intellectual property (IP) abroad can affect where taxes are paid and so impact g...
Despite judicial worries and pro-business legislation, Israeli digital firms are growing into the US, notably Delaware. This poses prospective revenue issues and reflects the unpredictability of the country's economic environment.