Israel has been losing Israeli-born and immigrant entrepreneurs and their businesses to more business-friendly locations like Delaware and Texas. The country's tax policies, regulatory burden, and access to entrepreneurial financing have been cited as reasons for the decline in competitiveness. The Global Entrepreneurship Monitor reports that Israel needs to catch up in order to create a pro-business environment. The article suggests creating a business-track integration pathway, offering incentives such as reduced corporate tax rates, tax holidays, and streamlined licensing. This would help attract and retain talented entrepreneurs and businesses, ultimately contributing to economic growth.
Original article source: https://www.jpost.com/opinion/article-848959
Source Id: 8622415999