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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (65739)	8/25/2010 12:59:26 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218135

Whose treasury? Not the Israeli treasury they tax at the sale a low tax or not at all depending on the type of transaction. The treasury who is loosing is from where the tax cheats are coming - EU and US The scheme goes like this; an apartment cost $210,000 you agree on the price - you hire an RE appraiser pay him extra he appraises the apartment at $140,000 you pay $140,000 through a bank transfer and $70,000 in shoe boxes stuffed with $$ bills that you illegally hide from the tax authorities at home in the EU or US Wait 2 to 3 years and voila your apartment doubled in price you sell it for $300,000 and declare $160,000 as capital gains with a lower tax rate, and also claim depreciation of 4% a year or 12% of the $300,000. - nice - your money is now very clean plus a nice profit See again the link you posted some one posted exactly the same issue haaretz.com