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Tax expert: The court preferred certainty in tax law to justice for a specific taxpayer.What takes precedence: certainty in tax law or doing justice to a specific taxpayer? In yesterday’s Israeli Supreme Court ruling on taxation of the money stolen by former Minister of Finance Avraham Hirschson, the court gave a clear answer: certainty, according to a tax expert. The court ruled that Hirschson, who was convicted of stealing from the National Workers Labor Federation, and another person convicted of stealing from Maccabi Health Services, could not deduct their losses resulting from restitution of the stolen money to the victims in the course of the criminal proceedings against them from their profits in previous years.

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What the court did was to eliminate the possibility of deducting current losses retroactively from previous profits.Hirschson and Ilana Damari were convicted in different criminal cases of theft of substantial amounts of money.Israeli Supreme Court…Read more…. v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v v