הצעת חוק תגמול לנושאי משרה בתאגידים פיננסיים (אישור מיוחד ואי-התרת הוצאה לצורכי מס בשל תגמול חריג), התשע"ו-2016Bill on Compensation for Managers in Financial Corporations (Special Approval and Disallowance of Deduction for Tax Purposes Due to Exceptional Compensation), 2016 · automatic translation · suggest a correction

What was put to the vote

«לקבל את הצעת החוק בקריאה שלישית»

Third reading: The final vote. A bill that passes its third reading becomes law. Glossary →

Bill: חוק תגמול לנושאי משרה בתאגידים פיננסיים (אישור מיוחד ואי-התרת הוצאה לצורכי מס בשל תגמול חריג), התשע"ו-2016Law on Compensation for Managers in Financial Corporations (Special Approval and Disallowance of Deduction for Tax Purposes Due to Exceptional Compensation), 2016auto

About the law and the debate

Official summary of the law (Knesset)

The Compensation of Officeholders in Financial Corporations Law (Special Approval and Non-Recognition of Expense for Tax Purposes due to Exceptional Compensation), 2016 (hereinafter - the Law), was passed in second and third reading on 29 March 2016. The Law sets a salary cap of NIS 2.5 million, and in order to raise the salary of an officeholder above NIS 2.5 million in a corporation, the salary of the corporation's employees must be raised at a ratio of up to 35 times between the highest and lowest salary. In addition, the Income Tax Ordinance was amended so that an excess over the compensation cap will not be recognized as a deductible expense at a rate double the rate of the excess over the cap.

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All arguments and speakers are on the bill page →

By party on the day of the vote

• for
• abstained
• against