America isn’t the only place where the imposition of an estate tax is being debated. Israel is currently considering whether to impose one. The proposed exemption amount, that is the amount over which the tax would be imposed, is 15 million NIS (New Israeli Shekels) or a little less than $4 million at today’s exchange rates.
For more, see Haaretz – Shelly is right (to impose an estate tax).
