Recent reports suggest the next government might consider legislating an estate tax, perhaps at the rate of 25% on estates over NIS 10 million. Few details are known, but what if it does happen? At present there are more questions than answers. Below we attempt to review the questions and ... Read More
Category: General Business
09
Mar2015
Leon Harris
On February 6, the OECD announced that multinational groups with a turnover above EUR 750 million must start Country by Country reporting in their countries of residence in 2016. This simple procedural requirement is sending shock waves round the international business community.
Background
The OECD is spearheading a concerted effort to ... Read More
March 9, 2015Leon Harris
09
Feb2015
In this week’s Torah portion, Jethro, we read how Moses, set up an hierarchical court system in the desert, in order to best hear disputes and judge matters between people.
It is doubtful however, that he needed to adjudicate on the VAT implications of supplying a Sefer Torah - a Jewish ... Read More
February 9, 2015Leon Harris
09
Nov2014
Your Taxes: Israel to implement tax treaty with Panama
06/25/2014 09:37
With regard to business operations, a resident of one country (e.g., Panamanian company) may be taxed in the other country (e.g., Israel) if it has a “permanent establishment” (PE) in the other country.
An accountant [illustrative photo] Photo: Ivan Alvarado / Reuters
Panama ... Read More
November 9, 2014Leon Harris