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Teva Pharmaceutical Industries Limited (TEVA) Tax Breaks Could Have Created 40,000 Jobs: Source


7/18/2013 7:39:49 AM

Teva Pharmaceuticals is hiring! Check it out! (Isn't it tempting?)

"It's insane. I calculate that if the government were to invest the NIS 11.8 billion that it has invested in the form of tax breaks for Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) since 2006 in small businesses, it could have saved 34,000 businesses and created 40,000 jobs. This would be instead of the 3,500 jobs created by Teva in exchange for the huge aid it received from the government," Israel Association of Crafts and Industries president Yehuda Alhadeff told "Globes" on Wednesday, in response to the tax breaks given to corporations in 2006-11 under the Law for the Encouragement of Capital Investment.

Don't forget, Teva Pharmaceuticals is hiring! (We know you can't resist.)

Read at Globes Online
Read at News Release

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