“Buying an Apartment in the Name of the Children – Tax Implications”
In the aim of chilling the residential housing market, the Ministry of Finance and the Israel Tax Authority continue to occupy headlines with new information on the change and abolishment of tax...
View Article“Application of Section 3(b) of the Income Tax Ordinance on the Winding-up of...
Abstract: The list addresses the question whether a partial debt repayment (haircut) in company winding-up proceedings could be considered “forgiving a debt” within the meaning of the term in section...
View Article“Income Taxpayer’s Right to Remain Silent”
A person investigated by Income Tax is obligated to cooperate in his investigation and submit all the necessary details to the assessing officer. This duty clashes with the right of the person under...
View Article“Comments on the Ben-Bassat Committee Reports”
The point of departure of members of the Ben-Bassat Committee was to create a balanced reform in terms of the State budget. In our opinion, no real reform can be made without the participation of the...
View Article“Past Losses Can Be Set off Against Profit from a Random Transaction – Case Law”
The article deals with a judgment in an appeal filed by our firm against a decision of Tel Aviv 3 Assessing Officer not to allow Speedy – Link Ltd. to set off past losses against profits in real estate...
View Article“Concealment of Assets with the Help of the Israel Tax Authority”
Granting a discharge to honest but unfortunate debtors, with whom all possible collection proceedings have been exhausted, could offer welcome relief and be beneficial to the economy, but must be...
View Article“The Law to Erase the Debts of Economically Disadvantaged Debtors Will Enable...
In the bill to amend the Execution Law, which will erase the debts of economically disadvantaged debtors, there is a loophole which will enable absconding with assets. When the proceedings against...
View Article“Protect Victims of the Crisis in the Mega Supermarket Chain”
The Government of Israel, as a stable and strong body, and this includes the Israel Tax Authority, enjoys the preference vested with it by law, and therefore prefers itself over unsecured debtholders...
View Article“When the Tax Is Raised, Solidarity Will Dissipate”
The populistic cries recently sounded in the media to raise the purchase tax on investment apartments overlook today’s prevailing situation, where there is simply no supply of real estate for...
View Article“Strengthening the Power of the Israel Tax Authority and Diminishing the...
The article deals with the taxes chapter of the Economic Arrangements Law, 2015-2016. Although the law does not call for a particular tax hike, it does considerably increase the reporting and...
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