The Liquidation of Coop Israel: Final Distribution of Remaining Funds and Tax Deductions.

Fifteen Thousand Members to Share Remainder After Liquidation of Israel’s Largest Cooperative

In 1950, the largest consumer cooperative in Israel’s history, Coop Israel, was registered in Jerusalem. However, after years of operation, the cooperative is coming to an end. Over the past five years, debts have been repaid and the cooperative’s coffers now hold 23 million shekels. This remaining amount will be divided equally among all 15,403 members of the cooperative, with a 15% tax deduction.

Starting on March 26th, members can visit an Israel Post office and present the necessary documents to receive approximately 1,400 shekels (gross) from the remaining amount after liquidation and debt repayment. Members with questions or in need of more information can contact the hotline at 03-6555700.

In 1950, the largest consumer cooperative in Israel’s history, Coop Israel, was registered in Jerusalem. However, after years of operation, the cooperative is coming to an end. Over the past five years, debts have been repaid and the cooperative’s coffers now hold 23 million shekels. This remaining amount will be divided equally among all 15,403…

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