If you buy the shares of an Israeli hitech company and think you are buying the technology too, think again. The Israeli merger and acquisition (M&A) scene just took a turn for the worse. An Israeli Court has ruled that double Israeli tax applies if a purchaser buys all the shares ...
July 19, 2017Leon Harris
Israel has just passed tax incentives for renewable energy and the OECD has pronounced on finance for energy saving investment. This follows the Paris Agreement of December 2015, in which 195 countries adopted an action plan to avoid dangerous climate change by limiting global warming to below 2°C. New Israeli Renewable Energy ...
December 28, 2016Leon Harris
The Israeli tax Authority has just published a ruling which clarifies when zero rate VAT applies to medical tourism. (Ruling 7369/16 of June 2, 2016) The facts of the case: The Ruling addresses a generic situation in which an Israeli doctor, registered for Israeli VAT purpose as an "Authorized Dealer", treats foreign ...
December 26, 2016Leon Harris
Our take on Brexit is nothing happened Instead there is already a new sheriff in town for Britain, Israel and over 100 other countries - the OECD. See our recent May 31 article: http://www.jpost.com/Business-and-Innovation/Your-Taxes-New-sheriff-in-Israel-455581 The case for the UK staying in the EU was mainly based on fear of change. Immigration was ...
December 21, 2016Leon Harris
Starting a business is no picnic, so you should always write a business plan. This will include basic things like goals, competitive advantage, marketing, operations, finance, legal protection, risk management and timing. Not to mention tax planning. Here's a few more macro level tips to consider. 1. Self employed or company? Going ...
December 21, 2016Leon Harris
The Israeli tax Authority (ITA) and Swiss Finance Ministry signed on November 27 a declaration of intent regarding the exchange of information about financial accounts. The aim is to enhance cooperation regarding the supply of information, “egalitarian enforcement” of taxation in Israel, truthful tax payment and limit black money. This is ...
December 14, 2016Leon Harris
The Israeli Tax Authority has just issued a tough tax ruling dealing with taxing a foreign company on profits from clients in Israel (6631/16). The Facts of the Ruling: According to the Ruling, Company X is a company resident in a country that has no tax treaty with Israel (perhaps offshore). It ...
December 11, 2016Leon Harris
Leon Harris Lisa Minelli told that money makes the world go round, but she didn't say how. . People go into business to make money. One method to help them do so is the accelerator (or incubator). What is an accelerator? An accelerator is a facility in which financial and business experts provide advice, ...
September 30, 2015Leon Harris