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Taxes as New Funding Tool with 20% Returns
Tax bonds are a new financing tool aimed at providing liquidity for lenders and investors. They allow beneficiaries to earn a tax-exempt return and reinvest part of their cash surplus. The rules and procedures governing these bonds will be finalized within 21 days of their announcement, and will clarify the mechanisms for using them to settle future tax obligations. The main advantages of the tax bonds focus on benefits for the lenders, with no special advantages for the state, in an effort to promote partnership between the Ministry of Finance and the Tax Authority.
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