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Smotrich Launches NIS 35 Million Extortion Compensation Pilot

By Drooid · Sep 26, 2026, 6:16 AM UTC · How we work

Summary

Story summary

Finance Minister Bezalel Smotrich launched a NIS 35 million pilot to compensate uninsured businesses affected by protection-money extortion.
The Finance Ministry published final procedures for the program on Wednesday.
The pilot begins Thursday and will run about two months in its first stage.
Israel Tax Authority’s Property Tax Division will operate the compensation scheme.
Compensation covers property damage not insured and aims to keep businesses operating while encouraging cooperation with law enforcement.

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Story summary

Finance Minister Bezalel Smotrich launched a NIS 35 million pilot to compensate uninsured businesses affected by protection-money extortion.
The Finance Ministry published final procedures for the program on Wednesday.
The pilot begins Thursday and will run about two months in its first stage.
Israel Tax Authority’s Property Tax Division will operate the compensation scheme.
Compensation covers property damage not insured and aims to keep businesses operating while encouraging cooperation with law enforcement.