Architect of the Trapped Profits Reform Appointed Head of the Professional Division

CPA Karim Kanaan, who led the trapped profits reform that brought in approximately NIS 20 billion per year, has been appointed director of the professional division at the Israel Tax Authority. Kanaan, 36, was the driving force behind the law that imposed a tax on companies hoarding cash. The reform took effect in January 2025.

CPA Karim Kanaan, who led the trapped profits reform that brought approximately NIS 20 billion into the state coffers within a year, has been appointed director of the professional division at the Israel Tax Authority. Kanaan, 36, was the driving force behind the law that imposed a new tax on companies sitting on piles of cash and not distributing them as dividends. The reform took effect in January 2025 and stirred controversy, with many companies unsuccessfully trying to block it in the Knesset and the High Court of Justice. Kanaan began his career at the Authority about 13 years ago as an intern and supervisor, and in 2023 was appointed head of the office of the Director of the Israel Tax Authority. The new position is one of the most influential in shaping tax policy and enforcement in Israel, and includes responsibility for professional approach, leading legislation, and providing guidance to the field. Additionally, the article reports on other events: the launch of the fourth cycle of the internship program at the Arison Center at Reichman University, and an event by Wolt company to promote the meal budget service.