{"slug": "nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20", "title": "Nvidia and Google seek approval to pay Israeli taxes in dollars as shekel strengthens 20%", "summary": "Nvidia and Google are negotiating with Israeli tax authorities to pay corporate taxes in US dollars rather than shekels, following a 20% surge in the Israeli currency against the dollar over the past year. The chipmaker paid approximately $1.28 billion in Israeli taxes last fiscal year, and the strengthening shekel has made those obligations significantly more expensive in dollar terms. A recent precedent allowing dollar-denominated tax payments for Google's $32 billion acquisition of Wiz could pave the way for similar arrangements, reducing currency pressure on the companies while providing the Israeli government with dollars to service foreign debt.", "body_md": "# Nvidia and Google seek approval to pay Israeli taxes in dollars as shekel strengthens 20%\n\nThe tech giants want to ditch shekel-denominated tax bills after Israel's currency surged against the dollar, and a recent precedent involving the Google-Wiz deal may open the door.\n\nNvidia and Google are in talks with Israel over paying local taxes in US dollars instead of shekels, as the local currency’s sharp rally raises costs for some of the world’s largest tech companies.\n\nThe discussions come after the shekel strengthened roughly 20% against the dollar over the past year, creating pressure for companies that generate much of their revenue in dollars but pay Israeli salaries, rent, and taxes in shekels.\n\nThe issue is especially important for Nvidia. The chipmaker became one of Israel’s largest corporate taxpayers after acquiring Mellanox in 2020, and its Israeli operations have grown rapidly as AI demand accelerates.\n\nNvidia paid about $1.28 billion in Israeli taxes in the previous fiscal year, when the dollar traded around 3.3 to 3.5 shekels. The dollar has since weakened sharply, making the same shekel based obligations more expensive in dollar terms.\n\nGoogle is also examining the option after completing its $32 billion acquisition of Israeli cybersecurity company Wiz. The deal expanded Google’s local footprint and could increase its exposure to Israeli tax obligations, particularly if the Israel Tax Authority determines that more of Wiz’s intellectual property should be treated as Israeli.\n\nIn March, the Bank of Israel said most tax payments tied to the Wiz transaction would be made in dollars under an agreement between the Israel Tax Authority, the Accountant General, and the central bank. The goal was to avoid forcing large dollar conversions into shekels, which could have pushed the Israeli currency even higher.\n\nA similar structure for Nvidia and Google would reduce currency pressure on the companies while giving the Israeli government dollars it can use to service foreign currency debt. The proposal would also avoid creating additional demand for shekels at a time when exporters are already under pressure from the currency’s strength.\n\nIsrael’s tech sector is heavily exposed to this problem. Many exporters and multinational development centers earn revenue mostly in dollars while paying local wages and operating expenses in shekels.\n\nAs the shekel rises, Israeli engineers and R&D centers become more expensive in global terms, forcing companies to reassess hiring, budgets, and expansion plans.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20", "canonical_source": "https://cryptobriefing.com/nvidia-google-israel-dollar-tax-shekel/", "published_at": "2026-06-04 16:00:47+00:00", "updated_at": "2026-06-04 17:56:22.102856+00:00", "lang": "en", "topics": ["ai-policy", "ai-infrastructure", "ai-chips"], "entities": ["Nvidia", "Google", "Mellanox", "Wiz", "Israel Tax Authority"], "alternates": {"html": "https://wpnews.pro/news/nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20", "markdown": "https://wpnews.pro/news/nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20.md", "text": "https://wpnews.pro/news/nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20.txt", "jsonld": "https://wpnews.pro/news/nvidia-and-google-seek-approval-to-pay-israeli-taxes-in-dollars-as-shekel-20.jsonld"}}