A new tax credit in Israel promises to boost foreign investment from giant tech companies like Nvidia Corp. while addressing a major dilemma: offering such incentives to companies without running afoul of the global minimum tax.
The incentive will allow multinational companies with major Israeli operations to take tax credits of up to 30% of their research and development costs there. It’s designed to foster investment in Israel in the wake of the global minimum tax, which requires companies to pay 15% in taxes even when existing incentives bring their tax rates below that level.
Nvidia is among the ...
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