Oecd israel

Addressing one of the ramifications of poverty by a government-led food rescue program

Growth in 2020 is expected to remain close to 3%, but Bank of Israel policymakers have expressed caution, given the current government stalemate.

More than 50 government processes have been digitized, the Prime Minister's Office said, including issuing tax payment receipts and transitioning to online licensing examinations.

While Israel's technological and scientific breakthroughs are impressive, it is still has the highest rate of poverty of any OECD country, according to a National Insurance Institute report.

The country's fiscal deficit between March 2018 and February 2019 had grown to 3.5% of gross domestic product, compared to 3.3% in the year leading up to January and 2.9% in December.

The analysis is based on answers to the question “Do you justify cheating on taxes if you have the chance?”

The Organization for Economic Cooperation and Development (OECD) is the 36-member club of the world’s most developed economies.

The report says that tax administrations may sometimes be justified in using hindsight to increase a tax assessment if intangible assets (intellectual property) are shifted offshore.