Idan Ofer (Flash Photography 90 / Moshe Shai, Wikipedia)
This marks the transfer of the year. Zim, the shipping company controlled by businessman Idan Ofer, paid tax in 2021 in a total amount of NIS 1.6 billion. The actual transfer of the tax was last month and it is this that arranged the government’s revenue line and allowed the Treasury to come out with the economic plan to lower the cost of living at a total monetary cost of NIS 4.4 billion.
Recall that during the year ZIM sought to change the method of calculating the tax from corporate tax to the method of charging tax on the ability to transport cargo. Idan Ofer, it should be noted, the controlling owner of the company objected to this request from Zim and asked it to return it. As far as is known, Zim has not yet withdrawn the request it submitted to the tax authority, and it is not clear what the authority’s position will be. But in light of the company’s high tax payment in 2021 it is understandable why the company seeks to change the method of calculating the tax.
More in-
We will also mention that Zim has undergone major upheavals in the last decade. It underwent some of the largest debt settlements known to the Israeli economy, but in all the years that the company was under a debt settlement, it was the controlling shareholder, Idan Ofer, who supported it and provided it with cash to maintain its operational capacity.
In principle, the maritime transport market is a circular market, that is, after good years come bad years, and so on. The Ofer family, who came from the world of shipping, were well acquainted with the circles in the world of shipping and continued to support the company while maintaining its capabilities.
The maritime transport market is currently in a very strong period and in principle there is a shortage of ships which greatly increases the prices of maritime transport. Zim, like other shipping companies, is interested in increasing its ability to transport cargo, so it recently purchased new ships while “riding” on the agreements of the controlling owner, Idan Ofer, with shipyards, and in fact this process brings it closer to new ships that will allow it to make better use of The boom years in the industry.
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