Tax Consultants President Calls for Shin Bet Involvement in Combating Black Market Capital

Yaron Gindi, president of the Israeli Association of Tax Consultants, has called for an unusual measure to combat illicit capital: enlisting the Shin Bet security agency. In an interview with "Maariv," Gindi stated that the Shin Bet, along with police, should be empowered to access government databases and significantly increase personnel to fight the black market.

He also addressed the housing market, asserting that prices will continue to rise unless drastic measures are taken. Gindi emphasized the need for a dedicated leader to manage the sector and called for a state inquiry commission to investigate the "negligent" operations of planning and building institutions, citing the 14-year delay from approval to completion of apartments as unacceptable.

Gindi criticized the public sector's structure, arguing it hinders economic development and prevents rewarding good employees while firing underperformers. He also urged the incoming government to repeal the "trapped profits" law, which mandates companies distribute dividends, claiming it stifles economic growth.

Looking ahead, Gindi predicted that high-tech will continue to lead the market but stressed the importance of professional training for the younger generation to adapt to the AI economy, warning that those who don't utilize AI will be replaced. He also commented on the Tax Authority's move to digital capital declarations, expressing concern that it might increase the time and bureaucracy for representatives.

Regarding cryptocurrency, Gindi noted that Israel has a significant market and lamented the Ministry of Justice's stance on anonymous voluntary disclosure for crypto investors.