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Israel: Feds weigh unprecedented cap on GDP to limit company size

By  |  May 22, 2013
Israel: Feds weigh unprecedented cap on GDP to limit company size

Israel’s head of antitrust has put forth an idea to the Knesset Finance Committee, asking the group to consider a cap on gross domestic product companies can account for as a way to limit the growth of a company. Antitrust Commissioner David Gilo offered the remarks on Tuesday; the suggestion includes unprecedented restrictions over conglomerates under the argument that some companies are too big and have too much political influence. Another possible way to limit companies’ power, said Gilo, could be to limit how much businesses can invest into media companies. Gilo emphasized, however, that his remarks “are ideas and not recommendations” and that more discussion needs to be done.

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    Full Content: Haaretz

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