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Finance Minister Bezalel Smotrich leads a faction meeting of the Religious Zionism party at the Knesset in Jerusalem, February 23, 2026. (Yonatan Sindel/Flash90)
February 25, 2026, 12:14 pm
Defying Knesset, Smotrich ups tax exemption for online purchases from abroad to $130
Hours after previous order was voted down by lawmakers, finance minister signs a new one, vows to free Israeli citizens from ‘monopolies,’ defeat ‘communists’ in Netanyahu’s Likud
By Sam Sokol and Ariela Karmel
Finance Minister Bezalel Smotrich attends a Finance Committee meeting at the Knesset in Jerusalem on February 17, 2026 (Yonatan Sindel/Flash90)
February 17, 2026, 2:07 pm
Smotrich to Arab MKs: It’s not the government’s fault ‘you murder one another’
‘Educate your public to stop murdering,’ far-right minister says; opposition lawmakers accuse him of racism, rail at government for failing to curb violent crime
By Sam Sokol and Charlie Summers
PROMOTED CONTENT
January 29, 2026, 3:06 pm
Voluntary disclosure in Israel: What U.S. citizens living in Israel should know
Many U.S. citizens in Israel still hold U.S. accounts, rentals, or family trusts. As transparency grows, voluntary disclosure may help close past reporting gaps before an audit begins
Finance Minister Bezalel Smotrich, seen after a press conference in Jerusalem, December 4, 2025. (Yonatan Sindel/Flash90)
December 25, 2025, 8:42 pm
Smotrich threatens banks with extra taxes if they go after customers’ benefits
Finance minister threatens to double proposed new tax on excess profits slapped on lenders’ excessive income to 30%; banking shares plunge
By Sharon Wrobel
Finance Minister Bezalel Smotrich at the Knesset, in Jerusalem, November 17, 2025. (Yonatan Sindel/Flash90)
November 19, 2025, 10:54 pm
Knesset passes law expanding financial benefits for IDF reservists
Law approved following deadlock over low-income reservist benefits, ending Smotrich-led legislative boycott with compromise on tax credits and supplements for low income soldiers
By Ariela Karmel and Sam Sokol
IDF Chief of Staff Lt. Gen. Eyal Zamir (center) is seen in Gaza City on September 30, 2025. (Israel Defense Forces)
November 9, 2025, 4:15 pm
Cabinet okays NIS 3.25 billion in benefits for IDF career soldiers
Package of grants and benefits aimed at ‘strengthening the soldiers’ economic security and encouraging continued long-term service,’ says government
By Sam Sokol
Finance Minister Bezalel Smotrich speaks at a press conference on Nov. 2 in Jerusalem. (Courtesy of Finance Ministry)
November 2, 2025, 9:39 pm
Israel rolls out tax benefits to lure back tech talent and investments after Gaza war
Finance Minister Smotrich says reform will simplify tax processes and provide tax breaks and regulatory certainty for investors in Israeli funds and tech companies
By Sharon Wrobel
Illustrative image: Money laundering (iStock)
August 19, 2025, 11:25 pm
Israeli-founded AI startup raises $60m to help governments fight financial fraud
IVIX’s software leverages artificial intelligence to help regulators spot money-related crimes, such as money laundering, sanctions evasion and tax non-compliance
By Sharon Wrobel
Ultra-Orthodox students study at the Kamenitz Yeshiva in Jerusalem, on September 9, 2024. (Chaim Goldberg/Flash90)
May 20, 2025, 6:54 pm
Study: Ultra-Orthodox only pay 4% of total national taxes, costing economy billions
Non-Haredi workers set to pay an additional average NIS 3,540 in taxes in 2025 due to low ultra-Orthodox employment, researcher finds
By Sam Sokol
Illustrative: A person doing taxes (iStock by Getty Images)
January 2, 2025, 10:01 pm
Experts fear last-minute corporate tax law could have unintended, costly consequences
The so-called ‘trapped profits bill’ that took effect on Jan. 1 aims to curb tax avoidance amid expensive war, but some worry it’ll be hard to implement and discourage investment
By Sharon Wrobel
United Torah Judaism MK Moshe Gafni chairs a meeting of the Knesset Finance Committee, December 16, 2024. (Noam Moskowitz, Office of the Knesset Spokesperson)
December 17, 2024, 10:32 pm
Knesset panel passes 2025 tax hikes set to hit working people in their pockets
Finance committee approves Jan. 1 tax measures, including VAT hike, increase in National Insurance payments, and freeze on income tax brackets to rein in ballooning war costs
By Sharon Wrobel
Prime Minister Benjamin Netanyahu, center, at the start of cabinet meeting meant to approve the 2025 state budget, October 31, 2024 (GPO)
November 3, 2024, 11:29 pm
Israel’s 2025 war budget squeezes disposable income of working-class households
Government drops plans to freeze welfare benefits and tax ‘advanced study’ funds, instead wants to raise National Insurance payments while barely cutting coalition funds
By Sharon Wrobel
Prime Minister Benjamin Netanyahu, center, at the start of cabinet meeting meant to approve the 2025 state budget, October 31, 2024 (GPO)
October 31, 2024, 8:01 pm
2025 state budget to increase defense spending, cut social services and education
To finance the war, which is estimated to cost NIS 250 billion ($66.8 billion), the Finance Ministry is proposing deep spending cuts as well as tax increases
By Sharon Wrobel and Sam Sokol
The site where a rocket fired from Lebanon hit a house and cars in the northern city of Safed, September 25, 2024. (David Cohen/Flash90)
September 29, 2024, 8:42 pm
Moody’s drastic downgrade will have ripple effect on war-torn consumers and taxpayers
A lower rating raises credit costs for the government, businesses and households; translates into higher taxes and prices, reduced disposable income; also impacts public savings
By Sharon Wrobel
Finance Minister Bezalel Smotrich in Jerusalem, April 21, 2024. (Chaim Goldberg/Flash90)
September 24, 2024, 5:40 pm
Treasury is said to propose new taxes to bolster state coffers and finance war
Among the draft proposals for 2025 is freezing tax credits, taxing advanced study funds, reducing tax benefits on pension deposits, and increasing the tax on electric vehicles
By Sharon Wrobel
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