Israel’s central bank questioned government plans to impose a new windfall tax on banks as part of next year’s budget, saying the proposal would undermine regulatory certainty and hurt the incentive to invest.
A levy on a particular sector such as that trailed by Finance Minister
The tax would, furthermore, “negatively affect the performance of financial markets and the value of public assets,” policymakers said.
Smotrich said Tuesday a new bank levy would focus on industry profits ...