Ilegal settlements on Palestinian land funded by Israeli American Sheldon and other Israeli mafia in U.S.gambling,money laundering also buys U.S.politicians....
From the snowy Alps to the banks of Tel Aviv
Israelis working off-books are one thing; foreign residents are another. If once they were ascribed romantic reasons for buying dwellings in Israel, or at least they were considered to be fleeing anti-Semitism, a sober look today shows a lot of them are laundering ill-gotten gains.
Following a leak of information from Swiss banks to the American and French tax authorities, people with dodgy money began pulling it out of Switzerland – and some of that money reached the Israeli property market, according to a variety of sources. How much came is anybody’s guess, says Snir, but whispers put the amount at 8-9 billion shekels. -Israel's Haaretz newpaper
Casino Tycoon Sheldon Adelson Takes $100 Million ...
www.thedailybeast.com/.../casino-tycoon-sheldon-adelso...
The Daily BeastSep 3, 2014 - Billionaire Sheldon Adelson could put $100 million of his own cash in this year's midterm elections. Can he buy the Senate of his dreams?
Sheldon Adelson cracks open checkbook for GOP
Las Vegas casino mogul Sheldon Adelson has donated $10 million to a Karl Rove-backed outfit boosting Republican Senate candidates and ...
Sheldon Adelson Gives $10 Million To Karl Rove Group, Just One ...
Highly Cited-Huffington Post-Sep 18, 2014
Highly Cited-Huffington Post-Sep 18, 2014
Israeli housing prices: Skyrocketing on fuel of undeclared income
How do people buy property for investment in Israel? Usually, using “black money” – undeclared income that they're laundering by buying
The Oligarch Buys a War on Iran – LewRockwell.com
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www.lewrockwell.com/.../the-oligarch-buys-a-war-o...
Llewellyn Rockwell
Apr 2, 2014 - Impresario: Sheldon Adelson, the Vegas-Macau casino mogul ... “Would you slink into Las Vegas to schmooze gambling mogul Sheldon Adelson who ...Israeli settlements are illegal under the Fourth Geneva Convention.
www.lewrockwell.com/.../the-oligarch-buys-a-war-o...
Llewellyn Rockwell
Adelson wants to install Netanyahu in the White House ...
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mondoweiss.net/2014/04/install-netanyahu-druthers
Mondoweiss
Apr 6, 2014 - Sheldon Adelson has Israeli bodyguards, and would install Benjamin ... I agree with (like opposing Likud, Sheldon Adelson, Israeli settlements, etc.). .... of thegambling industry probably did a lot to cement their friendship.
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mondoweiss.net/2014/04/install-netanyahu-druthers
Mondoweiss
Israeli housing prices: Skyrocketing on fuel of undeclared income
How do people buy property for investment in Israel? Usually, using “black money” – undeclared income that they're laundering by buying
http://www.haaretz.com/business/.premium-1.615296
Israeli housing prices: Skyrocketing on fuel of undeclared income
Tens of billions of shekels in laundered 'black money’ is pushing the real-estate market higher.
New homes under construction in Herzliya. Photo by Ofer Vaknin
How do people buy property for investment in Israel? Usually, using “black money” – undeclared income that they’re laundering by buying apartments for investment, according to the Tax Authority. No small amount of that money goes to paying workers under the table: An economist reports that even though the Israeli construction industry has lost about 20,000 “wet workers” going by their tax statements, or 40% of the workforce, the pace of construction hasn’t changed. As that can’t be, clearly, there’s a lot of work being done off the books.
Top tax officials admit they’re well aware that vast sums get smuggled into the country and are subsequently laundered through real-estate transactions. Many billions of shekels have been sneaked into the property market this way, and this inundation of “black money” is one of the factors behind the jump in housing prices.
The study by the revenues office at the Tax Authority found that between July 2012 and July 2014 about 50,000 dwellings were bought for investment purposes (i.e., not to live in). Of those, 30,000 were bought by 27,000 buyers.
When the tax people looked at the income of the households buying these dwellings for investment, they found that in 18% of the cases they grossed no more than 7,000 shekels a month (about $1,950).
Now remember, these are dwellings bought for investment, which means the buyers already own one home. So how can households grossing 7,000 shekels a month buy a second home? They cannot. Ergo, that 7,000 shekels is just a fraction of what the household is making, but the rest is going unreported. Or alternatively, the household is fronting for the real buyer, who has his own reasons for staying undercover and not being registered as the home’s owner.
A similar study of property buyers from 2003 to 2012, also by the Tax Authority, found that of the 136,135 apartments bought for investment, nearly 20% were bought by people grossing no more than 7,000 shekels a month. In fact, their average monthly income was 4,093 shekels ($1,132), while the average apartment they bought cost 828,295 shekels (about $230,000).
Ostensibly the two studies produced the same result, but there is a big difference between them: The households made much the same; but housing cost much, much more in 2012-2014 compared with 2003-2012, which means, the Tax Authority concluded, that the problem of illicit money being laundered through the property market has grown much worse.............
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