MK Khenin: Full royalty rates must be applied to downstream products and not just to the mineral resources

Imposing a surtax of 42 percent on the excess profits of natural resource exploiters would boost the state’s coffers with NIS 500 million annually, an inter-ministerial committee concluded on Sunday. The Sheshinski 2 Committee, headed by Prof. Eytan Sheshinski, was tasked last year with examining the state’s royalty policies for the exploitation of natural resources…