Full coverage· Economy· Updated
Supreme Court Advises Haggag Group to Drop Tax Appeal Worth NIS 50 Million
The Supreme Court has advised the Haggag real estate group to drop an appeal seeking to use NIS 233 million in accumulated losses for a NIS 50 million tax reduction. A district court had previously ruled the 2011 acquisition of Regency Hotel Jerusalem was an artificial transaction for improper tax purposes.
2 newsrooms · 1 language · since
Plus
What happened
- 01Supreme Court advises Haggag Group to drop appeal on NIS 50 million tax savings.
- 02District court ruled Haggag's 2011 hotel acquisition was an artificial tax avoidance scheme.
- 03Haggag sought to use NIS 233 million in accumulated losses from Regency Hotel Jerusalem.
- 04The group must respond to the court's recommendation by Thursday, October 29, 2026.
The group must respond to the court's recommendation by Thursday, October 29, 2026.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
See which of the 2 newsrooms broke it, and who waited