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 ...
April 1, 2015Leon Harris
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 ...
March 9, 2015Leon Harris
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 ...
February 9, 2015Leon Harris
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 ...
November 9, 2014Leon Harris