Israeli tech startups flock to US amid uncertainty at home

JERUSALEM - A growing number of Israel's tech startupsare incorporating in the United States, attracted by deep pocketedU.S. funds and pro-business policies, and with an extra push from a planned judicial overhaul at home that has rattled investors. That marks a reversal, as Israel had managed in the past decade to persuade more of its startupsto set up their legal identity domestically. It may not mean jobs shifting overseas en masse - the tech sector accounts for 14 percent of Israeli jobs - but registering companies or intellectual property (IP) abroad can affect where taxes are paid and so impact government revenue. Entrepreneursand investors told Reuters there were good bus...Keep on reading: Israeli tech startups flock to US amid uncertainty at home

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.