Israel's Ministry of Finance has recently published a draft of the Economic Arrangements Law for 2015/16, which includes measures from the Economic and Budget Plan. The main business related measures concern increased transparency and countering tax avoidance, as well as the introduction of natural resource royalty and surtax. The transparency and anti-avoidance measures include: Taxpayers will be required to inform the Israel Tax Authority when they have applied or relied on written tax advice, including the nature of the advice; Financial institutions will be required to provide information to the ITA concerning the transactions of businesses on a regular basis...