Finance Minister Moshe Kahlon, as part of his working visit to the US, met with his American counterpart Stephen Mnuchin.

During the talks, Kahlon appealed to the US Treasury Secretary to exert pressure on the Palestinian Authority in the area of ​​combating money laundering and the financing of terror. Stephen Mnuchin, in turn, promised to consider this issue positively and recalled that the current US administration warmly supports Israel.

Moshe Kahlon and Stephen Mnuchin discussed the planned tax reform in the US, within which the rates of corporate profit tax will be reduced. The parties also discussed the tax reform in the sphere of high technologies that Moshe Kahlon is conducting in Israel, and the work of American research and development centers operating in Israel.

"The Israeli economy is closely linked to the US economy," Moshe Kahlon said. We are closely following the preparations for the tax reform in the United States, we are calculating its possible impact on the Israeli economy and are ready to make the necessary adjustments. The Union of Israel and the United States is strong and unbreakable, and we will continue to initiate new opportunities for mutually beneficial economic cooperation. "

Following the negotiations, a decision was made to set up a working group to study the economic consequences for updating the convention on avoidance of double taxation. The amendments should regulate income tax rates and tax incentives for investors in both states, remove obstacles to investment and improve the investment climate in Israel.

Moshe Kahlon and Stephen Mnuchin agreed to meet again in Israel, the visit of the US Treasury Secretary is scheduled for September