What does the law state in regards to benefit value of company events that were held and financed by the employer?
Generally, in cases where the "best interests of the employer" overrides the "best interests of the employee", the employer will not charge any value from employees who participated in the activity.

A foreign expert is employed at a high salary due to the lack of experts with the unique knowledge he brings with him, while foreign workers are employed in Israel for low salary and in occupations that are not favored by the country's citizens.

Following the publication of the extension order for comprehensive pension insurance in the economy, as of 2008, the employer is obligated to insure every employee in pension insurance/ insurance management.
In addition, the employer is obligated to contribute to the severance pay fund of the employee.

A worker who is on maternity leave (a.k.a. birth and parenthood period) does not receive a salary from her employer.
As a substitute for her salary, she is entitled to maternity allowance from the National Insurance Institute, which serves as compensation for her loss of income during the period in which she did not work due to birth.

While the concept of U.S. sales tax is similar to Israeli VAT regulations, the actual implementation and definitions are vastly different. For starters, unlike VAT which falls under one tax jurisdiction in Israel, sales tax in the U.S. is imposed on a state by state basis other than in the four states which do not impose sales tax at all (Delaware, New Hampshire, Montana and Oregon).