Google-Wiz will bring 13-18 billion shekels to the state of Israel in taxes

The purchase of the Google of the Israeli startup Wiz is not only the largest ecest in the history of Israel, but also a large macroeconomic event.

In the summer of 2024, when Google offered 23 billion dollars for Wiz, the amount of taxes that Israel was supposed to receive as a result of the transaction was estimated at 9-13 billion shekels.

New estimates emanating from an amount of $ 32 billion say about taxes of 13-18 billion shekels.

Wiz is a young startup created in 2020 and spent only a few rounds of capital mobilization. A significant part of the shares (according to experts – about 40%) still belong to the four founders – Asaph Rapipate, Ami Lotvak, Inon Kostya and Roy Reznik. All four are tax residents of Israel and they will pay most of the income tax, since the shares belonged to them initially. Other tax residents of Israel, whether employees who received options or bought shares as part of the rounds of mobilization of capital, investors will pay the same tax minus the cost of buying shares. Persons and companies that are not tax residents of Israel will not pay tax from this transaction in Israel.