Teva (TEVA) enjoyed 12B shekels ($3.3B) of tax breaks from 2006-2011 as part of a government...

|About: Teva Pharmaceutical Indus... (TEVA)|By:, SA News Editor

Teva (TEVA) enjoyed 12B shekels ($3.3B) of tax breaks from 2006-2011 as part of a government program to encourage capital investment. Teva topped the list of companies with the largest breaks, with Israel Chemicals (ISCHF.PK) number two at 2.2B shekels and Check Point (CHKP) number three at 1.65B. The party could be over now, though - the publication of the figures comes amid tax hikes and spending cuts as Israel faces a large budget deficit, and Finance Minister Yair Lapid is reviewing the tax incentives.