Tzally Greenberg’s Post

View profile for Tzally Greenberg, graphic

Defense, economics and capital markets reporter, analyst and editor

The #TaxAuthority targets the '#walletcompanies' (companies founded by individuals such as doctors, managers, etc. and being used for personal use as 'wallets' to its #owners). It aims to 'free' the #profits that are locked up in those #companies and aren't distributed as #dividends to its #shareholders in order not to pay the tax imposed on them. This #undistributedprofits prevents payment of about 2.5 billion in #taxes a year. The latter serves, in practice, as the owners #investmenttool in the #capitalmarkets, obtaining #compoundinterest on the expense of the #generalpublic (taxes are the public's #money), while we have to absorb the deficiencies in our #publicservices on which we rely on. In order to release this locked profits quickly, the Tax Authority intends to offer a benefit that will, once again, benefit the #rich, and provokes a discussion about its nature: https://lnkd.in/e-qFk4Jq (For the English version - Just use #GoogleTranslation) Thanks to Yaron Gindi, #President of the Chamber of #TaxConsultants in #Israel and #CPA Eduard Kofman for sharing their #insights and #knowledge. רשות המסים בישראל Israel Tax Authority #Taxbenefits #taxcollection #taxpolicy #publicexpenditures #staterevenues #Economy #EconomyInsights #Economy2024 #2024Insights

"הציבור מרגיש מרומה": המדינה תציע הטבת מס לעשירים ביותר - וואלה כסף

"הציבור מרגיש מרומה": המדינה תציע הטבת מס לעשירים ביותר - וואלה כסף

finance.walla.co.il

To view or add a comment, sign in

Explore topics