Israel to apply the OECD 15% minimum corporate tax from 2026

Bad news! Surprisingly very unwise of Israel to follow this minimum corporate tax regime pursued by the OECD!

Is Israel doing this to finance the Israel-Hamas War?

"Israel’s Ministry of Finance has announced that it will apply the Qualified Domestic Minimum Top-up Tax (QDMTT) from 2026, as part of the OECD Pillar 2 international tax reform.

This is a plan to change the existing corporate taxation system, to allow countries to collect more taxes from international companies that sell products or services to their citizens. The purpose of the program is to update taxation laws and allow them to deal with the digital economy and with companies that report their profits in countries that collect less taxes from them, regardless of the countries in which their profits are generated. ...
Israel’s Minister of Finance Bezalel Smotrich said, "Israel's joining the implementation of the international standard ...
Over the past decade, the OECD has been promoting the BEPS (Base Erosion and Profit Shifting) project to prevent the erosion of the tax base and the diversion of profits by multinational corporations between countries, among other things by shifting activity to countries where the effective tax rate on corporations is low. 140 countries are participating in the project, including the State of Israel. ..." 

Israel to apply 15% minimum corporate tax from 2026 - Globes The change will affect multinational tech companies operating in Israel including Facebook, Apple, Amazon and Google.