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Israel Imposes 2% Surtax on Trapped Corporate Profits

8/28/2026

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Summary

Story summary

Israel implements a 2% surtax on trapped profits of closely held companies above NIS 750,000.
Professor Gabriel Zucman proposes a 2% annual wealth tax for individuals with net worth of $100 million or more.
Zucman estimates the tax could raise $300-380 billion worldwide each year.
About half of global billionaires’ wealth is in publicly listed shares, easing valuation for the tax.

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Story summary

Israel implements a 2% surtax on trapped profits of closely held companies above NIS 750,000.
Professor Gabriel Zucman proposes a 2% annual wealth tax for individuals with net worth of $100 million or more.
Zucman estimates the tax could raise $300-380 billion worldwide each year.
About half of global billionaires’ wealth is in publicly listed shares, easing valuation for the tax.