The Tax Consequences of Devaluation: The Approach of the Israel Law |
Common terms and phrases
accretion additional depreciation Amcor amount APPENDIX apply argument Assessing Officer Aviv bank Bank Leumi basis for depreciation business expense business income business profit business receipts buying capital assets capital gains tax capital nature circulating capital Civil Appeal Comm'r company's contractor cost-of-living index debt deduction of linkage deposit account devaluation District Court Elanit exchange rate expenditure export finance foreign currency Fund of Linked Gurewitz Hebrew held Imperial Tobacco Income Tax Ordinance industry infra interest investment Israel Pound learned judge linkage clause linkage differences linkage differentials paid linkage differentials received loan capital loan linked loan money monies ordinary business ordinary income original payment of linkage Piskei-Din pounds sterling principal sum problem purchase purpose question Rassco rate of exchange result return acquisition Rozenbaum rule statutory relief supplier supra Tax Cas tax consequences taxable taxpayer received Tel Aviv District Tel-Aviv trading account trading stock transaction Treasury U.S. dollar Zeger