JERUSALEM, Feb. 3 (Xinhua) -- Israeli Finance Minister Yuval Steinitz announced Sunday that the treasury will battle tax evaders in order to increase the state revenue from taxes.
"Today, we're launching a campaign against black capital and tax evaders," Steinitz said in a statement.
According to the minister, the state is expected to collect 2 billion shekels (540 million U.S. dollars) in the campaign in 2013 and 6 billion shekels (1.62 billion dollars) in 2014, which will help the upcoming government handle the high deficit of 39 billion shekels (10.5 million dollars).
"We've hired 600 new people to a special unit called the Diamond Unit which will oversee enforcing the war against black capital. We invite the public to participate in this struggle," Steinitz added.
As part of the campaign, the tax authority will toughen sanctions against tax evaders and will have more tools to track down tax evaders and enforce the regulations, according to the minister.