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Published: October 15, 2024

In August 2024, the Israeli Tax Authority announced that its pilot voluntary disclosures program had heavily underperformed. The program had only yielded approximately NIS 30,000,000 (or approximately $CDN 10,000,000) in undisclosed income from Israeli taxpayers, falling well below the Israeli Tax Authority’s expectation that the program would yield hundreds of millions of Israeli shekels.

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