New Article: Chen and Gavious, Book-Tax Conformity and Tax Enforcement

Chen, Esther, and Ilanit Gavious. “The Roles of Book-Tax Conformity and Tax Enforcement in Regulating Tax Reporting Behaviour following International Financial Reporting Standards Adoption.” Accounting & Finance (early view; online first).

 

URL: http://dx.doi.org/10.1111/acfi.12172

Abstract

This study investigates whether increasing the level of tax enforcement can potentially offset the primary cost of a reduction in the level of book-tax conformity (BTC) following International Financial Reporting Standards (IFRS) adoption – increased tax avoidance. We find that after the decrease in BTC and the concomitant increase in tax enforcement that followed IFRS adoption in Israel, tax avoidance declined significantly. Our results imply that one of the primary costs of reducing BTC can be avoided. Moreover, the results suggest that rather than one strict regulatory approach to deal with reporting manipulations, a combination of trust and control is more effective and less radical.

 

 

ToC: Israel Economic Review 12.2 (2015)

Israel Economic Review 12.2 (2015):

Table of Contents

• Government Support for Young Families in Israel

Adi Brender and Michel Strawczynski

• The Origins of Income Inequality in Israel – Trends and Policy

Ofer Cornfeld and Oren Danieli

• Tax Cuts and Economic Activity: Israel in the 2000s

Zvi Hercowitz and Avihai Lifschitz

• The Response of the Weighted Average Time to Maturity of Government Bond Issues to Changes in the Financial/Economic Environment

Yehuda Porath

***

• Review of “Understanding Global Crises” by Assaf Razin

Francesco Bianchi

Report: A Picture of the Nation, 2015; Taub Center for Social Policy

The Taub Center for Social Policy Studies in Israel Presents:

A Picture of the Nation: Israel’s Society and Economy in Figures, one of the Center’s most popular publications, provides concise and thought-provoking information on Israel’s long-run economic and social trajectories.  Each page of this booklet contains a single graph and short, accompanying text that, when combined, provide the reader with a broad and comprehensive understanding of key socioeconomic issues in Israel today.  Policy makers, the media, the general public, and the global Jewish community look to the Picture of the Nation as an invaluable and highly accessible resource on topics ranging from the labor market to education, poverty and much more.

For the English page, including PDF and PPT versions of the report, as well as previous reports (2002-2014), click here.

For the Hebrew page, click here.

PDF version in English: Picture of the Nation, 2015.

PDF version in Hebrew: תמונת מצב המדינה, 2015.

New Article: Kaplan and Eyal, Trusts and Foundations under Israeli Law

Kaplan, Alon, and Lyat Eyal. “Israel: Trusts and Foundations under Israeli Law: So Different, Yet the Same for Tax Purposes.” Trusts & Trustees 21.6 (2015): 657-61.

 

URL: http://dx.doi.org/10.1093/tandt/ttv045

 

Abstract

This article treats the Israeli Hekdesh coupled with an Israeli underlying company as a foundation. It summarizes the taxation of foundations and trusts in Israel, as well as the main provisions of the relevant legislation as revised in 2013 which is now final and effective. The article then continues to discuss the appointment of protectors under Israeli law. Finally, the article provides for an interpretation of the arbitration law as it relates to foundations and trusts.

Cite: Hasson, Tax Cuts in Israel

Hasson, Yael. "Who Stands to Lose from Tax Cuts in Israel?" Canadian Journal of Women and the Law 22.1 (2010): 157-167.

 

URL: http://muse.jhu.edu/journals/canadian_journal_of_women_and_the_law/summary/v022/22.1.hasson.html