Israel's Plan to Tax Bank Profits: What's the Deal?
IsraelWed Dec 24 2025
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Israel is thinking about adding a new tax. This tax would be 15% on extra bank profits. The plan is to do this for five years. The idea is to tax profits that are more than 50% higher than the average from 2018 to 2022.
Why are they doing this? Well, the government thinks banks are making too much money from high interest rates. These rates are set by the Bank of Israel. The problem is, banks give these high rates to people who borrow money. But they don't give the same good deals to people who save money in banks.
This plan is still just a draft. It's not a done deal yet. But it's something that people are talking about. The government says it's about fairness. They want to make sure everyone is treated equally.
What do you think? Is this a good idea? Should banks pay more tax on their extra profits? Or is this just another way for the government to get more money? It's a big question, and people have different opinions.
https://localnews.ai/article/israels-plan-to-tax-bank-profits-whats-the-deal-e699f76f
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