Kesher Talk

Looking to invest? Forbes recommends Israel. Really! Forbes magazine's "International 500" survey promotes investing in Israel, in an article titled "Wish Upon a Star" (registration required). The magazine seems to recommend investment in Israel's high-tech sector because of, not in spite of, Israel's economic insanity.

Why look for a stock pick from a place like the Middle East? Robert Taylor, an investment analyst with Oakmark's $1.5 billion (assets) International Fund, points to as good a reason as any: low taxes. Under Israel's "approved enterprise" program, Israeli firms spending certain amounts of money locally on research and capital expenditures get their tax bill chopped by up to two-thirds.

posted by Howard @ 7/15/2002 02:46:37 PM