On the death of one member of a married family, the spouse will have to pay the 10 percent. The report recommends that the income tax commissioner be immediately given the authority to require annual reporting from specially designated groups noted for particularly high tax evasion. The expectation is that within 5 years the entire population will be required to file tax returns. Miscellaneous other taxes on previously exempt fringe benefits. The language of the report, the finance minister, the prime minister, and other members of the nomenklatura is terrifying.
Prevent evasion is repeated over and over again.
More and more emphasis is placed on reporting, so that the tax authorities ultimately acquire detailed knowledge of every individual's private economic affairs. First is the obvious political ploy, giving Labor Party constituents an increase in take-home pay. Second is the assault on the new class of young, high-tech entrepreneurs. Because this tax reform has a political purpose in ensuring that the people who have run the State, and now run it into the ground, do not lose control of it, it is well to note the following. On the one hand, there is pressure from the new economy, high-tech types to approve automatic dual listing on the TASE of Israeli firms traded on U.S. equity markets.