Israel Tax Authority raises forecast for Oil and Gas levy profit – World News Network

Tel Aviv [Israel], July 1 (ANI/TPS): The Israel Tax Authority’s forecast for oil and gas profit levy collection has risen to USD 57-74 billion.
This is up USD 2 billion from the previous forecast of USD 55-72 billion.
The forecast is higher than the previous forecast due to an updated forecast for an increase in the amount of gas in the three reservoirs that produce gas, as well as an updated forecast for an increase in gas prices in the coming years, said the Tax Authority. (ANI/TPS)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

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