U.S. Treasury Secretary Mnuchin Discusses Tax Reform with Israeli Counterpart
Mr. Mnuchin is visiting Israel for the inauguration ceremony of the new U.S. embassy in Jerusalem on Monday. In parallel to the visit, violent clashes between Palestinian protesters and Israeli armed forces at the Israel-Gaza border result in at least 40 Palestinian casualties, so far
Omri Milman and Tofi Stoler | 17:50 14.05.2018
U.S. Secretary of Treasury Steven Mnuchin and Israeli Minister of Finance Moshe Kahlon met on Monday and discussed the possible ramifications of President Donald Trump’s tax reform for Israeli businesses, Israel’s Ministry of Finance announced on Monday. The two officials also discussed changes to the U.S.-Israel tax treaty that may benefit companies in both countries, as well as collaborations on joint financial projects between Israel and the Palestinian Authority, according to a statement.
Israeli PM with Mr. Kushner, Ms. Trump and Israeli President at the inauguration ceremony. Photo: AFPThe plan to move the embassy to Jerusalem was announced by Mr. Trump in December. In his speech, Mr. Trump also announced the formal recognition of Jerusalem as the capital of Israel, marking a break from the longstanding U.S. policy. The announcement sparked widespread condemnation as well a series of violent protests in Israel and in the West Bank, leading several countries, including the U.S., to issue temporary travel warnings to Israel. The U.S. is the only country to open an embassy in Jerusalem, to date. Jerusalem is home to the official residences of Israel’s prime minister and president as well as the Israeli parliament and the country's supreme court, among other official national institutions. Preparing for possible protests during the inauguration ceremony, Israeli police forces are heavily guarding the embassy and its surroundings, and the area has been closed for vehicles.