Janet Yellen’s International Tax Policy – Will It Affect You? Dr Janet Yellen is a very important person who was appointed Secretary of the US Treasury on January 26, 2021. At the US Senate Finance Committee hearing on her nomination 5 days earlier, Janet Yellen answered an array of questions, providing ...
Category: General Tax
February 26, 2021Leon Harris
As nearly everyone knows, it is no easy matter getting money into Israel. Olim are especially exposed to this issue. The problem is not moving the money, it is being allowed by your Israeli bank to use it. The banks have become the anti-money laundering goal-keepers of Israel. They have been ...
January 27, 2021Leon Harris
Is the Israeli Tax Authority (ITA) too tough on taxpayers? If so, what can be done about it? The ITA has a habit of using its clout, as well as administrative tax circulars, tax rulings (published and unpublished) and reportable tax positions to lay down the its version of what the ...
January 14, 2021Leon Harris
New UK-EU Trade Deal Vs. Old Israel-EU Free Trade Agreement After voting for Brexit back in 2016 and much acrimony, the UK finally reached a trade deal with the EU on December 24, known as the Trade & Cooperation Agreement. It should apply from the beginning of 2021. The new UK-EU deal ...
December 28, 2020Leon Harris
With coronavirus and possible elections on our mind, it is easy to forget that the Israeli tax year ends soon, on December 31. There may be many things to consider including those outlined briefly below. The Big Picture: The pandemic means the Israeli government is confronted with rising expenditure on corona grant ...
December 15, 2020Leon Harris
Corona Business Update Sep 16, 2020 On Sunday September 13, the Israeli Cabinet imposed a general lockdown starting from Friday September 18 at 2pm, until October 11. Most businesses can continue to operate without accepting visitors according to new rules drawn up by the Finance Minister. It seems essential businesses can continue ...
September 16, 2020Leon Harris
The Israeli government is deliberating whether to go for another general lockdown or make do with local lockdowns based on a “traffic light” color system. Every business needs to plan their activity accordingly. What can we glean from recent statistics? The R Factor: In corona times, an important statistic is the R ...
September 4, 2020Leon Harris
Corona Grants Latest - August 13, 2020 While some businesses operate smoothly from the office or from home, others are less lucky and need government aid. In Israel, grants come and go, here’s a summary of what is currently available as of mid-August 2020. Several grant programs are new or revamped ...
August 13, 2020Leon Harris
The coronavirus is showing little sign of letting go. If only the Red Sea could open up for us all and engulf the pandemic. In the meantime, the Israeli government is continuing with (limited) economic assistance, here is the latest. Personal grants of NIS 750: By now, Israeli residents should have started ...
August 6, 2020Leon Harris
June 15, 2020 Bribery and kickbacks are illegal in many countries, including the US, UK and Israel. But anyone with investments in Switzerland may not know they were affected and may even be due a fee refund, which can be substantial. This refers to hidden “retrocession fees” or “portfolio maintenance commission” which ...
June 15, 2020Leon Harris