Why it matters
If adopted, the levy could raise costs for travelers flying long-haul from Israel, including U.S. visitors and businesses, though the article does not quantify effects on U.S. travel or companies.
ECONOMY • ISRAEL
Israel proposes carbon tax that could raise long-haul flight costs
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BLUF
Israel has proposed a carbon tax that its tax authority estimates could increase long-haul airfares by 4% to 5%, or as much as $86. The proposal is projected to raise 1.1 billion shekels annually, with foreign residents and the country’s highest earners expected to bear most of the cost.
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