By Free Republic | Created at 2024-09-24 11:37:24 | Updated at 2024-09-30 17:24:20
6 days ago
Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote
YNet News ^ | 9/20/24
Posted on 09/24/2024 4:29:16 AM PDT by EBH
Prime Minister Benjamin Netanyahu instructed top officials on Thursday to urgently discuss the immediate discontinuation of the 200-shekel banknote, the highest denomination of Israeli currency.
The meeting, set to include Finance Minister Bezalel Smotrich, Bank of Israel Governor Prof. Amir Yaron, Prime Minister’s Office Director-General Yossi Shelley and leaders from the Tax Authority and the Task Force for Combating Crime in the Arab Community, aims to address the elimination of the 200-shekel note as a measure to curb illicit cash flows.
snip
The plan includes several additional measures:
Expanding reporting obligations for citizens with income to the tax authorities.
Launching a joint enforcement program involving all relevant agencies, including the Tax Authority, the Anti-Money Laundering Authority, the police, the prosecutor’s office and the Counter-Terrorism Economic Warfare Headquarters.
Utilizing artificial intelligence to identify tax evaders.
Increasing oversight of non-bank financial entities, including currency exchange providers, which handle substantial amounts of black market money.
Banning the holding of large amounts of cash alternatives, such as gold, silver, medals and coins.
TOPICS: Business/Economy; Extended News; Government; Israel
KEYWORDS: bancash; banmetals
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1 posted on 09/24/2024 4:29:16 AM PDT by EBH
To: EBH
53.06 United States Dollar at this moment
2 posted on 09/24/2024 4:32:57 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
53.06 United States Dollars (above was how Gooooogly wrote it)
3 posted on 09/24/2024 4:33:30 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
To: EBH
“Expanding reporting obligations for citizens with income to the tax authorities”
Just like here at home.
4 posted on 09/24/2024 4:36:45 AM PDT by quantim (Victory is not relative, it is absolute. )
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