The Israeli Cabinet reportedly approved the country's budget proposals for 2017-2018 on 8 August 2016. The main tax-related measures proposed include:

• The introduction of Country-by-Country (CbC) reporting requirements in line with BEPS Action 13 that will apply for MNE groups meeting a consolidated revenue threshold of ILS 3.4 billion;
• A reduction in the corporate tax rate from 25% to 24% in …