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Eran Yaakov: "There is black capital in the world of construction. I would improve the punishment" - Walla! Real Estate

2021-10-24T06:59:55.567Z


The director of the Tax Authority complimented the Tel Aviv District Contractors and Builders Association at the annual conference on the real estate industry, but warned: "The State of Israel is facing cross-cultural black capital. This is the struggle of all of us "


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Eran Yaakov: "There is black capital in the construction world. I would improve the punishment"

The director of the Tax Authority complimented the Tel Aviv District Contractors and Builders Association at the annual conference on the real estate industry, but warned: "The State of Israel is facing cross-cultural black capital.

This is the struggle of all of us "

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  • Eran Yaakov

  • Income Tax

David Wertheim

Sunday, 24 October 2021, 08:58 Updated: 09:12

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Compliments the Israeli economy, which managed to rise above the corona crisis and return to growth, and announces that the Tax Authority intends to increase diversion and punishment in the black market, a phenomenon that is also prevalent in the real estate industry. Tel Aviv. According to Jacob, "there is a lot of logic to increase the penalties for delinquent taxes."



Jacob opened his remarks by noting the ability and success of Israel to deal with the "black swan" substantially in the form of beams, reflected in the accelerated growth of the economy. ownership and owners of real estate companies The real estate agents sitting in the courtroom demanded answers regarding the handling of the Arrangements Law, regarding the incentive to build long-term rental housing, and we lamented that the incentive was declining.

As one of the contractors pointed out - "No company will agree to build apartments for rent in this way."

More on Walla!

Shaked: "Committees should approve the maximum possible apartments"

To the full article

Fights the invisible.

Eran Yaakov (Photo: Yossi Alterman Gil Magled)

Yehuda Ketab, chairman of the Tel Aviv and Central District Contractors and Builders Association and vice president of the Bunei Haaretz Association, said the rental market is a catalyst for reducing pressure to address rising housing prices and will also be a welcome cultural change. "Who said everyone should own apartments?

I am in favor of an alternative.

Buy where you can and live where you want.

"You can not just look at the institutional market and ignore the private and not incentivize it." Of the state to look only at the institutional and ignore the potential of the private market.

We must increase the supply of apartments for long-term investment through the private market and not ignore us. "



Yaakov replied that it is important for the Ministry of Finance to encourage the flow of land to the market and that there are companies that own the land and the Ministry of Finance is interested in encouraging them to bring this land to market.

He noted that in about two years, the period in which companies enjoyed tax benefits even without marketing the land will end and the situation will return to what was customary until 2014.



Regarding licensing and regulation, Yaakov noted that the Treasury intends to produce large tools and incentives to promote urban renewal and evacuation construction - more complexes, more Apartments for contractors.

"A large part of what is happening in urban renewal is a result of tax benefits that allowed the field to increase momentum. It is the great potential of the country that 'short' in land and in the world of supply and demand should produce supply. What's happening in the real estate industry.

That is the responsibility of all of us. "

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Source: walla

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