Exit Tax

Following the announcement of Oren Dobronsky's placement on the Likud list, many warned that he would be liable for a huge sum. What is the reason for this, and who else is exposed to this payment? Globes' "Whistle" presents: The monitor explains concepts.

High-tech entrepreneur Oren Dobronsky may face a multi-million dollar "exit tax" to US authorities if elected to the Knesset. To be sworn in as a member of parliament, he must renounce his American citizenship.