Tax authorities: Dirty money is worth millions of shekel

During a review before the Finance Committee, Tax Authority Director Eran Yaakov presented the fight against ‘dirty money’ as one of the Authority’s main goals, noting that Israel lags behind the rest of the world in its countermeasures against millions of shekel illicitly moved every year. He explained that Israel must develop new technologies for tracking transactions, coupling them with greater penalties for criminals.

Other matters in the review included an increase in tax collection from 2019 and financial aspects of the cOVID-19 crisis.

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