Publications| Pinhas Rubin
This article, by Pinhas Rubin and Daniel Paserman, examines two aspects of the reclassification of transactions under Israeli tax law: its effect on the question of burdens of proof in tax appeals, and its potential effect on third parties, uninvolved in the tax dispute. Due to these repercussions, the authors argue that the reclassification tool should be applied in a restrained manner and in exceptional cases only.
The media spin of the new "Haircuts" bill has gained momentum, however if the bill is passed, it will become an unnecessary law. The law does not cause much harm, but what is the purpose of passing such laws? An article by Mr. Pinhas Rubin.
While Mr. Pinhas Rubin finds that Israel's government has been fickle, chaotic and void of any systematic thinking, he believes that the recent tax raises – at their core – are a necessity. Despite the harm it will cause, specifically to the middle and lower classes, he believes this is a quick and effective tax solution – an important point to consider in times of economic crisis.
In the near future, a long list of companies will be coerced into being sold in order to avoid the "pyramid prohibition" and to separate their financial and non-financial holdings. These forced sales, under less than perfect circumstances, have waylayers rubbing their hands in delight just waiting to purchase the companies for peanuts. An article by Mr. Pinhas Rubin.