On 4 March 2024, the Finance Committee of Israel's Knesset (parliament) approved an additional tax of 6% that would apply to financial institutions with assets equal to at least 5% of the total of all assets held by Israeli banks. The additional tax would apply from 1 April 2024 to 31 December 2025 and is meant to generate an additional ILS 2.5 billion in revenue. If the target revenue amount i…