July 4, 2020
The offsetting of this year’s losses against profits from previous years – the Tax Authority and the Supreme Court have in the past dismissed this approached within the scope of the Avraham Hirschson Ruling, however, as a result of the crisis, it would be appropriate to reconsider this; New Zealand had already adopted this approach as a measure of handling the crisis.
Adv. Doron Levy and Adv. (CPA) Racheli Guz-Lavi, partners in our Tax Department, discuss the question of what can the government do for businesses during the COVID-19 crisis, and why is it called for?
For the full article in Hebrew click here.