Following comments from various working groups, the Israeli Tax Authority (ITA) finalized its proposals for international tax reform that will now be transferred for further discussion and potential legislation. These proposals are not expected to be included as part of the 2021/2022 anticipated budget, and there is no clarity on the timeline for the legislation of the proposals made within this package. That said, with the finalization of the package, companies are considering the potential impacts and, in some cases, implementing required adjustments.The topics that are currently covered under this package, among others, include the following:Foreign Tax Credit (FTC) rulesThe current...