Client updates / Artificial Transactions

New Israeli Court Ruling on Artificial Transactions

16 June 2024 / Hanna Daher, Alon Davidovich

Under what circumstances will a court rule a transaction is an artificial transaction for tax purposes? In the case of Shalam Packaging Products Group, the district court rejected the tax assessor’s claims and ruled that the group’s restructuring was a legitimate business action and that the group did not execute the restructuring merely to reduce tax liabilities.

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Client updates / Artificial Transactions