In the money || Tax Authority celebrating what was really a disaster
The NIS 4.4 billion collected is less that 25% of what was due, had the authority been less defeatist and accomodating of big companies.
The Israel Tax Authority celebrated a victory on Tuesday. As of last weekend. it had only collected NIS 1 billion under the “trapped profits” law and its goal of reaching NIS 3 billion seemed out of reach. But a resolute campaign of pressure by the authority has paid off and all the relevant top exporting companies have paid up. A total of NIS 4.4 billion has been collected...
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