The Supreme Court decided on Friday to stay by one month the publication of the list of private companies which received tax breaks from the state under the Law for the Encouragement of Capital Investment. The stay overrules the decision by Tel Aviv District Court Judge Michal Agmon-Gonen from the day before.
Earlier last week, Judge Agmon-Gonen ordered the Ministry of Finance and the Israel Tax Authority to publish a list of companies which received tax breaks in 2006-12 under the Law for the Encouragement of Capital Investment. She gave the ruling in response to a petition by "Globes" and its deputy editor, Eli Tsipori. The ministry and Tax Authority objected to disclosing the tax breaks, but then agreed to partial disclosure, without the names of the big private companies in the list of the ten biggest beneficiaries of the tax break.
On Thursday, Judge Agmon-Gonen dismissed this objection, and ordered the disclosure of the full list without delay the following week.
On Friday, Supreme Court Judge Neal Handel ordered a one-month stay of the disclosure in response to an appeal filed by the Ministry of Finance and the Tax Authority against Judge Agmon-Gonen's decision.
The private companies in the top ten beneficiaries reportedly include Iscar Ltd. and Intel Israel Ltd.
Published by Globes [online], Israel business news - www.globes-online.com - on July 14, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013