With the Palestinian Authority making ‘Pay to Slay’ Jews one of its highest paying jobs, actually making many terrorists millionaires, Israel’s Attorney-General has determined that payments made by the PA to Palestinian Arabs, who are citizens or residents of Israel, are considered taxable as income.
By Israel Today Staff
National and local authorities around the world have for the past several years been trying to define the tax obligations of the various new forms of business in the Internet era.
PA Salary Payments to Terrorists – Palestinian Media Watch
Online entrepreneurs and traders have been trying their best to slip under the tax radar. Continue Reading »
A senior Roman Catholic official, along with heads of the Greek Orthodox and Armenian churches in Jerusalem condemn the proposed draft legislation they say is aimed at expropriating property that the church has been subletting to commercial businessmen.
Three major Holy Land churches on Friday called on Prime Minister Benjamin Netanyahu to block draft legislation they said was aimed at expropriating their property.
In a letter to Netanyahu seen by AFP, heads of the Armenian and Greek Orthodox churches in Jerusalem and a senior Roman Catholic official condemned the bill as “disgraceful.”They said its inclusion on the agenda of a government committee meeting scheduled for Sunday reneged on previous commitments to withdraw the law. Continue Reading »
Finance Minister Lapid said that Operation Protective Edge shouldn’t have an effect on the state budget – hopefully….if it’s short.
By Yosef Berger
In an interview with Channel Ten Monday night, Finance Minister Yair Lapid said that it was unlikely that the costs of Operation Protective Edge would have much of an effect on the state budget – unless the operation continued for much longer.
“We don’t count the bills during wartime, but it does not appear that this operation will have a long-term effect on the economy. We have arranged for money to pay for the operation from within the current budget,” Lapid said. Continue Reading »
Netanyahu-appointed committee looks to end Israel’s massive black market by ending cash transactions therefore recovering lost tax revenues.
By Yossi Aloni
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel.
10 New Shekel coin – Israel Today
The motivation for examining a cash-less economy is combatting money laundering and other tax-evasion tactics, thereby maximizing potential tax collection and greatly expanding the tax base. This is important considering the enormous strain put on Israel’s national budget by the army, healthcare system and other public services. Continue Reading »
Dr. Karnit Flug, the Bank of Israel Governor, believes a tax increase may be required to meet needs created by growing demographic trends in Arab and haredi sectors.
United Torah Judaism MK calls Flug’s comments “incitement.”
By Hezi Sternlicht, Zeev Klein, Yehuda Shlezinger
Current demographic trends could cause Israel’s economy to regress in terms of employment rates, Bank of Israel Governor Dr. Karnit Flug warned Monday.
Bank of Israel Governor Dr. Karnit Flug – Photo: Lior Mizrahi
Flug, speaking at a Central Bureau of Statistics seminar, said that “the makeup of the population is expected to change, with greater weight comprised by the Arab and especially the haredi sectors.” Continue Reading »
New monthly tax hikes unanimously approved on roughly 47,000 empty apartments.
Heavy taxation to encourage renting or selling, to help alleviate national housing crisis.
By Ari Yashar, Arutz Sheva Staff
On Monday, the Finance Committee unanimously approved the application of doubled real estate tax (arnona) on empty apartments, of which there are an estimated 47,000 units.
According to the new law, an apartment will be considered empty if unused for 9 consecutive months, or 9 cumulative months in the real estate tax fiscal year, from January 1 till December 31. The new rules will come into effect starting January 1, 2014. Continue Reading »