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Nvidia's Israeli Tax Payments to Double to $2.6 Billion
Nvidia's tax payments in Israel are expected to nearly double to $2.6 billion this fiscal year, up from $1.29 billion last year. Israel is the only country outside the U.S. listed separately in Nvidia's tax report, largely due to its acquisition of Mellanox.
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What happened
- 01Nvidia's Israeli tax payments will nearly double to $2.6 billion this fiscal year.
- 02Israel is the only foreign country listed separately in Nvidia's annual tax report.
- 03The increase is driven by the Mellanox acquisition and the networking division's performance.
- 04Nvidia benefits from significant tax incentives in Israel, reducing its tax rate.
- 05A new 15% global minimum tax from 2026 could raise Nvidia's Israeli tax payments to $5.5-7 billion.
- 06R&D tax credits may offset some of the increased tax burden from 2027-2028.
The company benefits from significant tax incentives in Israel, reducing its effective rate. However, a new 15% global minimum tax starting in 2026 could increase Nvidia's payments significantly, though some funds may be offset by R&D credits.
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