Knesset Resists Measures to Fight Israel's Black Economy

Legislative measures targeting Israel’s black-market - estimated to have amounted to 23% of GDP in 2007- are gutted by Knesset.

The Financial Intelligence Unit receives reports of tax cheating amounting to NIS 1 billion to NIS 2 billion every year − but doesn’t do anything to address the problem because of restrictions imposed on it by the law.