Aaron Katsman
www.IsraelNewsletter.com

Whether it was a case of judicial activism or not, working women in Israel won a huge victory as a Tel-Aviv judge ruled that they can  deduct part of the cost of sending their children to day-care centers.

According to the Jerusalem Post: ” According to the decision, a self-employed lawyer, Vered Peri, will receive tax deductions equivalent to two-thirds of the cost of the day-care centers to which she sent her children, if the price did not include lunch, or one-half of the cost if it did.”

Addressing the inner conflict so many women have regarding the work-life balance, Peri said, “It is obvious that if not for the fact that I had to work and earn a living, I would prefer to spend my time with my children, at least until they had reached the age where I could send them to kindergarten, and then, too, I would have chosen to send them only for the minimum number of hours that the law requires, and not the long hours that they were forced to spend outside the home.”

Unfortunately, while this is a victory, the tax authority has already announced they plan to appeal. Let’s hope common sense prevails and the courts rule in favor of working women.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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