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August 26, 2016 / 22 Av, 5776

Posts Tagged ‘finance’

Finance and Justice Ministries to Crack Down on Gambling

Wednesday, August 3rd, 2016

By Michael Zeff/TPS

Jerusalem (TPS) – Finance Minister Moshe Kahlon and Justice Ministry Director General Emi Palmor announced at a joint press conference on Wednesday evening that gambling machines and horse racing are to be outlawed in Israel.

“Israel’s weakest and poorest are being sold illusions and false hopes every day,” said Minister Kahlon. “As of next year, there will not be a single gambling machine or any horse racing in Israel.”

There are currently some legal forms of gambling permitted in Israel though most are outlawed. The only authorities licensed to provide gambling services are Mifal HaPayis, which operates the Israeli national lottery, and the Sports Betting Council, which manages betting on various sports events. The gambling machines belong to the lottery while horse-race betting is run through the Sports Betting Council.

The announcement was made after a report published on Wednesday by the Commission on Gambling Regulations, a joint think-tank headed by the directors general of the two ministries.

The commission’s recommendations include a limit on the size of the legal gambling sector, a prohibition on operating games with an addictive nature, a tax raise on money earned through gambling, and various other limitations.

The report expects the implementation of its recommendations to drastically curb the growth of the gambling sector in Israel and thus decrease its influence on the Israeli population.

Minister Kahlon announced that he would adopt and implement the recommendations to their full extent.

“It is no coincidence that these gambling machines are found mostly in poor neighborhoods. It is also not a coincidence that we see a sharp rise in lottery revenue the day after welfare checks are sent out every month,” Kahlon explained.

The report claims that while a certain percentage of the gambling revenue accrued by these authorities is meant to go to charity and to state education and welfare projects, only a small amount actually does.

The report further states that there will be a reduction in the operating costs of the Sports Betting Council and the lottery, such as in advertising and sales commissions, thus increasing the state’s share of the revenue.

“Unregulated gambling exclusively and deliberately targets and hurts the country’s weakest communities so as long as I am finance minister, there will be no casinos in Israel,” concluded Kahlon.

TPS / Tazpit News Agency

Released for Publication: Hamas Money Smuggling Operation Exposed

Tuesday, July 5th, 2016

A combined operation between the Shabak, the police and the IDF uncovered a Hamas money smuggling operation.

Faiz Mizbach Mohammad Atar, a resident of Beit Lahiya, Gaza, and Ayatollah Alu Abdul Karim Sarhan, a resident of Jabalya, Gaza were arrested.

The two had received permits to enter Israel from Gaza for the purposes of business and trade.

The two then used their permits to instead repeatedly act as financial couriers for Hamas to Arabs in Judea and Samaria.

Hamas gave the two specially prepared shoes in which they could smuggle their terror money through the various checkpoints.

The two were each transferring tens of thousands of Euros to Hamas operatives in Judea and Samaria for terror operations.

After their arrest, investigators learned that Faiz Atar’s house was regularly used for Hamas meeting. While Sirhan worked as a truck driver removing sand from various Hamas tunnel sites.

As a result of the arrests, Israel gained a lot of intelligence information on Hamas’s tunnel and terror operations.

The Shabak pointed out that every month Israel provides thousands of entry permits to Gazans for humanitarian, medical and other reasons, while Hamas terrorists then cynically attempts to use those permits to try and expand their terror operations in Judea and Samaria.

Jewish Press News Briefs

Knesset Committee Slams Finance Minister on Fear of Fighting Monopolies

Tuesday, July 5th, 2016

“Five years have passed, and prices have not gone down, and in certain cases they have gone up,” members of the Knesset Finance Committee told government representatives during Monday’s meeting marking five years since the summer of 2011 popular social protest in Israel.

The committee members slammed Finance Minister Moshe Kahlon for “being afraid to fight the monopolies,” but members of Kahlon’s Kulanu party said in response, “We are advancing many reforms, and we can already see the results on the ground.”

Finance Committee Chairman MK Moshe Gafni (United Torah Judaism) said that “with all due respect to the Finance Ministry and talks of reform, in practice the prices have not gone down.”

MK Uri Maklev (United Torah Judaism) said, “Five years after the ‘cottage cheese’ protest, not only have the prices not gone down, in real terms they have increased, because the prices of commodities around the world have dropped 30-50%, and this is not being reflected in the Israeli market. Prices are 20% higher, on average, than in Europe. The prices of inputs have also decreased, as has the price of gas and energy, but this has not had any effect. What happened is that the monopolies and chain stores have gained huge profits at the consumers’ expense.”

MK Manuel Trajtenberg (Zionist Camp) explained that “the expense basket of a young family has three main components: housing, education and food. In housing the prices have only gone up; in education there has been some progress regarding ages 3-4, but not a week goes by that we are not asked to answer questions regarding family expenses related to education. An average family with three children spends some $1,300 a month on education, day care, afternoon child care, camps, and more. As far as food is concerned, some positive steps have been taken, but that nut has not been cracked and, ultimately, too much power has been left in the hands of a small number of companies.”

MK Yitzhak Vaknin (Shas) charged that the Trajtenberg Committee, which examined and proposed solutions to Israel’s socioeconomic problems, was established only to “ease tensions” and “take the wind out of the social protest’s sails.” In practice, he said, “nothing has been done.” Vaknin called to restore price controls, saying “in the absence of competition, this is the solution.”

MK Oren Hazan (Likud) said the problem is “greed.” The chain store owners and the major wholesalers “earn tens of millions on the public’s back,” he stated. “And meanwhile, here in the Knesset, people are strong at talking. The finance minister can make bold decisions and change the market without fearing his friends the tycoons. Here in this committee we have the power to advance a plan to dissolve the monopolies. We will enact a law to that effect.”

MK Roy Folkman of Kulanu said, “We have waged an all-out war on the monopolies. In Israel there is a very high concentration of market controls, and a finance minister who does not fear them has now arrived. We launched reforms in the importing of fresh meat and the prices have dropped. With fish as well, we created parallel importing. For years no one has dared to deal with the monopolies, which maintain a stronghold on Israeli politics, and we have started doing so. A change can already be seen in toiletries, food items, children’s toys and other items. The fight takes courage and ability. Increasing competition is the only way. Price control does not work; [corporations] would only raise the prices of other items. The business sector is more sophisticated than the regulator.”

MK Rachel Azaria, also from Kulanu, said “We are making great efforts, but every issue that reaches the Knesset gets stuck there. Every reform encounters objections, and it is nearly impossible to pass anything, including the fight against black market capital. I belong to the finance minister’s faction and it is my job to pass things, but nothing can be advanced; there are always dramas here; in some cases it’s the kibbutzim, in others kashrut – everybody has an interest. We have to be brave and deal with the basic problems: monopolies, quotas and interested bodies that prevent change. In the Arrangements Law we will introduce important reforms, and then we will see if all those who are yelling here will support them. We are the cause of the high prices. We have an opportunity to lower the cost of living, and I hope everyone here will support [the measures].”

JNi.Media

Government Approves $18.6 Million Transfer to Settlements

Sunday, June 19th, 2016

The government on Sunday approved a budget increase of $18.62 million to the settlements in Judea and Samaria in response to the new security situation. This amount will be added to the initial budget for the settlements of $88 million established in the coalition agreement between Habayit Hayehudi and Likud last year.

As the new decision puts it, “Israeli communities in Judea and Samaria have been experiencing unique security realities on a daily basis because of their geographic location and the quality of life in the area. Since the beginning of October 2015 there has been an escalation in the security situation in Judea and Samaria following the wave of terror attacks and additional terrorist activities. The security escalation influences a variety of areas of life, including psychological and sociological, and economic damage to businesses which require unique responses and services.”

The money will be transferred to the settlements from a variety of current budgets. The transfer will include a one-time award by the Interior Ministry to local municipal councils to the amount of $3.88 million, according to criteria that has been used in the past for security-related awards. Another $2.59 million will be paid out by the Ministry of Agriculture to a project converting structures into permanent housing units and renovating public structures in rural communities. And a total of $3.1 million will be used for the construction and operation of resilience centers, for enhanced welfare and social services, treatment of youth at risk, and support for businesses that were hurt by the security situation. The money for those programs will be taken out of the budgets of the ministries of education, finance, welfare, and health.

MK Itzik Shmuli (Zionist Camp) called the decision “enraging,” blaming the government for channeling money to the settlements at the expense of development towns on Israel’s geographic and social periphery. Welfare Minister Haim Katz (Likud) argued that the budgetary boost was essential to the communities in need and would contribute greatly to the resilience of these communities. He said, “It is our duty to care for the communities that are on the frontline of the war against terror and are courageously facing complex security and social challenges.”

JNi.Media

FM Kahlon Tussles With Netanyahu Over Casinos in Eilat

Tuesday, June 14th, 2016

Kulanu party chairman and Finance Minister Moshe Kahlon apparently is teaming up with Bayit Yehudi chairman and Education Minister Naftali Bennett in a minor political brawl against Prime Minister Benjamin Netanyahu.

The argument is over funding, as usual – this time, a plan to open a casino in Eilat.

In the past Kahlon has sidestepped the issue altogether by saying, “Everyone knows there will not be a casino here.”

The Finance Ministry has taken steps to block gambling activities that target Israelis and others who have low incomes and difficulty walking away from their hopes for easy money.

“Last week we decided to put an end to slot machines and horse races – gambling activities that ruin families. These machines are placed in poor neighborhoods to sell them illusions and hopes while taking money out of their pockets,” Kahlon said, according to the Globes business news site.

“Sadly, this has been going on since 2003 – it has been talked about for years and we decided to take action; soon we’ll remove them, and Mifal HaPayis can scrap them as far as I’m concerned.”

Meanwhile, Netanyahu appointed Tourism Minister Yariv Levin to head a commission to look into the possibility of developing a gambling spot in the southern resort city.

But Kahlon told journalists at the start of the Kulanu faction meeting in the Knesset on Monday: “The State of Israel does not need casinos. It needs to provide education, values, and jobs – not a casino.”

Hana Levi Julian

The Aaron Katsman Show – Teaching Children About Money [audio]

Thursday, February 25th, 2016

As the culture of consumerism dominates modern culture, in this week’s show we discuss how to teach your children proper money habits.

We focus on the old school advice that Grandma used to give. Live within your means. Save for a rainy day. Work hard and you will succeed!

First aired: February 15, 2016

Israel News Talk Radio

Finance Minister Raises Number of Customs-Free Items

Wednesday, December 23rd, 2015

Finance Minister Moshe Kahlon has signed an order to exempt more food products and production items from customs fees upon their arrival in Israel.

In addition, existing exemptions have been extended, new exemptions have been added, and the “customs-free” imports quota has been expanded.

The moves are designed to ease future costs for Israeli business owners and increase their ability to compete in the international marketplace.

The Finance Ministry is beefing up efforts to maintain a healthy economy despite Israel’s somewhat sluggish growth rate earlier in the year.

Hana Levi Julian

Printed from: http://www.jewishpress.com/news/breaking-news/finance-minister-raises-number-of-customs-free-items/2015/12/23/

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