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Israel Launches New Tax Rebate to Lure International TV, Film Productions
Elsa Keslassy International CorrespondentIsrael has approved a 25% rebate for international TV and film productions with an initial budget of 45 million shekels ($14.5 million) for two years.The program, which aims at enticing foreign producers to come shoot in Israel, has been pushed by the Israeli TV & Film Producers Association, in partnership with the Israeli Finance Minister, as well as the culture, foreign, economy and tourism industries.“This is a very big deal for Israel and the local TV and film industry,” said Adar Shafran, chairman of the Israeli TV & Film Producers Association.
