Economy · Full coverage
Israeli Court Rules NSO Used Artificial Deal to Avoid $8.6 Million Dividend Tax
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Calcalist · 29 minutes ago
What happened
An Israeli court ruled that NSO Group's acquisition structure was an artificial deal to evade $8.6 million in dividend tax, rejecting Q Cyber Technologies' appeal and imposing legal costs.
- 01Israeli court rules NSO's acquisition was an artificial transaction to avoid $8.6 million dividend tax.
- 02Q Cyber Technologies' appeal against tax assessments involving millions of shekels was dismissed.
- 03NSO's foreign parent financed the acquisition via loans repaid through an Israeli shelf company to reduce taxes.
- 04The court found no substantial commercial reasons for the transaction, noting Q Cyber's delayed business activity.
- 05Tax savings of 10% on $86 million profits indicated the primary motive was tax avoidance.
- 06Q Cyber was ordered to pay 40,000 shekels in legal fees to the public treasury.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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