(Thanks to Atid-EDI) To encourage more seed stage investment, Israel’s finance and economy ministries have proposed simpler criteria for tax incentives, such as deducting the amount invested from taxes owed. The plan will come into effect in 2015 if approved by the socio-economic cabinet.
http://www.reuters.com/article/2014/07/16/israel-taxbreaks-tech-idUSL6N0PR3DI20140716