On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a “fair and growth-friendly” way across the EU.
This followed an OECD report of March 16 revealing a lack of international consensus about taxing digital operators (Tax Challenges Arising from Digitalization –Interim Report).
The same day ... Read More
Category: General Business
25
Apr2018
As Israel celebrates 70 years of independence, it is good to note what makes the start-up nation innovative and successful. A recent OECD report attributes this success in large part to venture capital (VC) funds (A Portrait of Innovative Start-Ups Across Countries). On March 14, the Israeli Tax Authority issued updated guidance ... Read More
April 25, 2018Leon Harris
11
Apr2018
At Passover we celebrated our exodus from Egypt and the season of our freedom. In modern times, that means the start-up nation in the promised land is free to make money from exits – selling tech and other businesses to multinational groups that need to stay ahead at all costs. ... Read More
April 11, 2018Leon Harris
28
Mar2018
Israelis love investing their spare Shekels in bricks and mortar. But when does a landlord stop being a passive investor and becomes an active business in the real estate field? Does it depend in the number of rental properties?
This matters, because on residential rental income, individuals may be as low ... Read More
March 28, 2018Leon Harris
14
Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund.
Background:
Section 108 of the Israeli Income Tax Ordinance (ITO) empoweres the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli Tax Authority (ITA) claims ... Read More
March 14, 2018Leon Harris
12
Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund with an Israeli presence.
Background:
Section 108 of the Israeli Income Tax Ordinance (ITO) empowers the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli ... Read More
March 12, 2018Leon Harris
12
Mar2018
החלטת רשות המסים פוגעת בקרנות השקעה זרות בישראל
ליאון הריס
רשות המסים בישראל פרסמה זה עתה החלטה מקדמית, המטילה מס חלקי על קרנות השקעה זרות מסויימות.
רקע כללי:
סעיף 108 לפקודת מס הכנסה בישראל מאפשר לרשות המסים לגבות מס מתושב ישראל המייצג תושב חוץ. רשות המסים טוענת כי רווחים ממכירת מניות וניירות ערך הינם ... Read More
March 12, 2018Leon Harris
25
Jan2018
The Start-Up nation thrives on cash. Where can an Israeli business find financial assistance? Try government sources including the Israel Innovation Authority - formerly the Office of the Chief Scientist and Matimop. Here is a brief overview.
Competitive Research and Development:
This program offers Israel’s primary financial incentives for R&D activities from ... Read More
January 25, 2018Leon Harris
13
Nov2017
Israel has seen a wave of exit deals. Exits can be paid for with cash or shares of the acquirer, especially if the acquirer’s shares are publicly traded on a stock exchange – that is as good as cash isn’t it? Not if there is immediate tax to pay and ... Read More
November 13, 2017Leon Harris
25
Oct2017
Are Bitcoins and Other Virtual Currencies Tax-Exempt?
In 1964, the Dave Clark Five pop group raised room temperatures with their foot stomping hit “Bits and Pieces”. In 2017, the rise in bitcoin prices is again raising room temperatures.
To add to the euphoria, some think there is a big Israeli tax loophole.
With ... Read More
October 25, 2017Leon Harris