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Fictitious invoices Illustration: Gil Gibli Tax Authority combats fake invoices linked to identity theft

Following the Israel Tax Authority’s success in fighting fictitious invoices, criminal organizations have switched to identity theft to plant huge numbers of invoices into the accounting systems of large companies.

Army Radio credit: Einat Levron Supreme Court suspends closure of Army Radio

The cabinet will now be required to justify why the closure of Army radio should not be annulled.

Israel Navy submarine  credit: IDF spekesperson Submarine procurement inquiry finds systemic failings

The Grunis Commission of Inquiry into the procurement from Germany company Thyssenkrupp recommends structural changes in military procurement procedures.

Israel Tax Authority director Shay Aharonovich Tax Authority crypto voluntary disclosure falls flat

Israel Tax Authority director Shay Aharonovich admits disappointment in the response but has not written off the procedure yet.

Wiz CEO Assaf Rappaport and Tax Authority chief Shay Aharonovich credit: Yossi zamir and Eyal Izhar Israel Tax Authority demands tax on Wiz IP

In a tax dispute worth billions of dollars, the cybersecurity company, acquired by Google for $32 billion, claims its intellectual property is in the US.

NewMed Energy CEO Yossi Abu  credit: Cadya Levy Tax Authority hands NewMed $198m tax bill

The Authority alleges that NewMed Energy, the largest partner in the Leviathan reservoir, understated its taxable income for 2019 and 2020.

Over a thousand home purchase deals cancelled  credit: Gil Gibli Home purchase cancellations on the rise

The cancellations appear to be associated with purchases through developers' special financing offers.

Efi Sandrov CPA  credit: Tal Shahar Administrator sues Slice management for NIS 1b

The lawsuit describes the Slice affair as "the biggest and worst case of breach of savers’ trust that the pension savings sector in Israel has ever seen."

Tailor Brands founders Gal Shlesinger, Tom Lahat, Yali Saar, Nadav Shatz, Yonatan Pesses  credit: MNG The logo designers taking over US company registration

As AI shrinks employment, Tailor Brands has reinvented itself as a one-stop paperwork shop for people setting up their own businesses.

The Da Vinci towers in Tel Aviv after the Iranian missile hit  credit: Reuters/Anadolu State pays Da Vinci penthouse residents NIS 70,000 monthly

Five months after an Iranian missile hit the Da Vinci Towers in Tel Aviv, work on rehabilitating the northern tower has still not begun.

ICL's Dead Sea Works credit: Shutterstock Court orders ICL to pay NIS 250m for Dead Sea water

Israel’s High Court of Justice has ordered ICL’s Dead Sea Works unit to pay for water pumped from 2018.

APM and Paulina Ben-Ami partners credit: Eyal Marilus APM merges with Paulina Ben-Ami to expand IP practice

Israeli law firm Amit Pollak Matalon & Co. has announced a merger with Paulina Ben-Ami, which specializes in intellectual property.

Benjamin Netanyahu  credit: Alex Kolomoisky, Yedioth Ahronoth Netanyahu's pardon request: How the process works

Is admission of guilt required? Can a pardon be awarded before conviction? "Globes" answers the questions.

Cash seized by Israel Police credit: Israel Police spokesperson Israeli gov’t proposes restrictions on holding cash

Opponents of the move claim that it severely violates privacy and limits economic freedom.

Privacy protection conference credit: KELA Amendment 13 is gamechanger on data security enforcement

A recent conference discussed Amendment 13 to Israel’s Privacy Protection Law and how organizations can address emerging risks associated with the deployment of advanced AI.

Histadrut chairperson Arnon Bar David credit: Histadrut spokesperson Histadrut chair among detainees in massive corruption probe

Police raided offices and private homes this morning in an investigation of alleged bribery and corruption involving government companies and local authorities.

Adv. David Tadmor (Arnon Tadmor-Levy), Adv. Israel Leshem (Meitar), Adv. Dan Geva (Meitar)  credit: Eyal Izhar Law firms call off mega merger

Meitar and Arnon, Tadmor-Levy have decided not to proceed with the merger that would have created a combined firm with 900 lawyers.

Shalva tournament for Israeli lawyers credit: CMedia Israel's leading law firms raise funds for disabled young adults

DLA Piper’s fourth annual charity basketball tournament took place at the Shalva National Center in Jerusalem.

Nvidia Mevo Carmel development center credit: Assaf Gilead Nesher mayor threatens legal action over Nvidia land deal

Roi Levi claims benefits offered to Nvidia for the purchase of land for its new development center are illegal, although legal sources say a petition stands no chance.

Meitar offices in Ramat Gan  credit: Zuz Realty Merger talks underway to create mega Israeli law firm

If negotiations between Meitar and Arnon, Tadmor-Levy mature into a deal, the combined firm will be the largest in Israel by a long way.

Israeli court credit: Shutterstock Israeli court refuses to enforce €20m ruling against Spanish gov't

German company Sunflower sought to enforce an arbitration award in Israel, in a dispute over the establishment of solar energy facilities in Spain.

Jerusalem Great Synagogue  credit: Wikipedia Petition complicates Patriarchate lands dispute in Jerusalem

Sources say a petition to the High Court of Justice by some residents could derail negotiations between the JNF and Gary Barnett's Jerusalem Lands.

Benny Landa  credit: Miguel Gutierrez FIMI offers $80m for Landa Digital Printing

If the bid is approved as part of the company's debt settlement, it will rerpesent one of the biggest-ever write-downs in Israel.

Evolution credit: Shutterstock Black Cube: Evolution allowed gambling in banned countries

Israeli private intelligence agency has submitted a report on the matter to the New Jersey Supreme Court.

Israel Tax Authority credit: Shutterstock Israel Tax Authority targets fictitious invoices

By closing loopholes in company reporting, the Tax Authority hopes to clamp down on fictitious invoices, which cost the state billions of shekels annually.

Holon apartments hit by Iranian missile credit: Oron Real Estate Comprehensive rebuilding of missile-hit areas nears approval

The inter-ministerial committee dealing with the damage by Iranian missiles is close to agreeing a plan for urban renewal projects that can include undamaged buildings.

Court proceedings  credit: Shutterstock Foodtech co InnovoPro insolvent after raising $27m

The Israeli company, a developer of chickpea protein for the food industry, has debts totaling NIS 6 million, mainly to Silicon Valley Bank.

Privacy protection reform  credit: Shutterstock Businesses face heavy penalties for cybersecurity lapses

Amendment 13 to the Privacy Protection Law gives broad enforcement powers to the Privacy Protection Authority, including large fines.

Joshua Begner credit: Jamie Lucas AI M&A differs from other M&A deals but risks can be minimized

While M&A activity in the AI sector is booming, these deals require a deeper understanding of the target’s technology and have a higher risk profile.

Professor Assaf Midani  credit: Amit Strauss Architect of gov't co board reform turns against Amsalem

Prof. Assaf Midani says measures in David Amsalem's bill based on his committee's recommendations are unbalanced and scandalous.

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