Full coverage· Economy· Updated
Israel Faces Surge in High-Earning Emigration Impacting Tax Revenues
Israel's Tax Authority reports a sharp rise in emigration of high-income professionals, including tech workers and doctors, leading to a 150% increase in lost tax revenue since before the pandemic.
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What happened
- 01Israelis emigrated in larger numbers post-pandemic, with a 50% increase since before COVID-19.
- 02Lost tax revenue from emigrants surged 150%, reaching 1.2 billion shekels in 2024.
- 03Emigration rose most sharply among 40-50-year-olds, a key high-income group.
- 04High-tech and healthcare sectors saw emigration increases of 150% and 100%, respectively.
- 05Top income decile accounts for 86% of lost tax revenue from emigrants.
- 06The trend accelerated after 2021, possibly linked to political and security events since 2023.
The trend, accelerating since 2022, poses significant fiscal challenges, with potential losses of 3.5 billion shekels over five years if it continues.
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