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“Strengthening the Power of the Israel Tax Authority and Diminishing the Power of the Taxpayer”

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 transparency requirements imposed on taxpayers and bodies managing their money, while broadening the powers of the Israel Tax Authority at the expense of the taxpayer. The new reporting rules vest the Israel Tax Authority with a great deal of power and consolidation of information on the private taxpayer compared to other taxpayers, such as banks and the public. Moreover, the amendment of the law, which enables the tax authorities to issue a partial assessment at an initial stage, unfairly undermines taxpayer certainty and the interest of reliance.
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