For Tax Evaders, the Blind Eye Is About to Become a Magnifiying Glass

Israelis typically consider tax evasion a minor infraction, and enforcement has been lax. But in light of the global financial crisis and the billions of shekels at stake, tax evasion is about to get scrutinized.

Let's say someone takes a NIS 10 million loan from the bank and somehow manages to forge the loan agreement, removing a zero from the figure so he only needs to repay NIS 1 million and hold onto the rest, which, of course, will need to be laundered before he can use it. Most Israelis would have no problem calling him a thief who should be charged for fraud.