The Exits of Assaf Rappaport and Eyal Waldman: Their Contribution to the State Treasury
Israel Tax Authority head Shay Aharonovich revealed for the first time that massive deals by two Israeli tech companies generated between 20 and 30 billion shekels for the state budget, bolstering national economic stability.
The massive exits of Israeli high-tech entrepreneurs Assaf Rappaport and Eyal Waldman have brought huge sums into the state treasury, estimated at between 20 and 30 billion shekels, revealed the head of the Israel Tax Authority, Adv. Shay Aharonovich.
Aharonovich's remarks, shared for the first time this Tuesday during a capital market conference hosted by TheMarker and Bank Leumi, shed light on the dramatic impact these two businessmen have had on the Israeli economy.
Aharonovich did not spare praise for the entrepreneurs, explicitly declaring, "The State of Israel owes a lot to these people." He specifically referred to the presence of chip giant Nvidia in Israel following the acquisition of Mellanox, founded by Waldman, defining it as a "crazy engine of revenue" for the state.
Regarding the exit of Rappaport, who sold Wiz to Google, the head of the Tax Authority noted that the agency avoids including such events in its standard forecasts, as they are "one-time events" with massive macroeconomic implications.
Nevertheless, the data presented at the conference clearly illustrates the significant contribution of senior figures in the Israeli tech industry to financing the state treasury and how individual deals can create a budgetary safety net of tens of billions of shekels.
