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Tag: cash

Israel’s black market is thriving amid economic crisis

December 20, 2023December 20, 2023David Rutman

The compensation plan currently in place for businesses is designed to reflect a decrease in turnover compared to the previous year, but this inadvertently creates an incentive for businesses to underreport their income or conduct transactions off the books. Both of these practices are considered offenses and are subject to scrutiny by the Tax Authority. […]

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