Category: General Tax

17

Sep2018
Entrepreneurs across the start-up nation dream day and night about their multi-million dollar exit. Serial exiters know it isn’t so easy. Exit deals take on a life of their own, especially if you don’t plan ahead and build in some shock absorbers too. One of the reasons is that even ... Read More
September 17, 2018Leon Harris

20

Aug2018
When Paul Simon sang the hit Slip Slidin’ away, he had in mind a girl called Delores. When the OECD recently published a report on intangible assets sliding away, they had in mind Dollars and Euros (Guidance for Tax Administrations of the Approach to Hard-to-Value Intangibles, June 2018). The report clarifies certain ... Read More
August 20, 2018Leon Harris

26

Jul2018
In the start-up nation, many hitech employees enjoy share (stock) plans and share option plans. In May 2018 the Israeli Tax Authority (ITA) published a new batch of tax rulings which clarify Section 102 of the Income Tax Ordinance (ITO). What did the ITA say? Section 102 Section 102 of the ITO allows ... Read More
July 26, 2018Leon Harris

11

Jul2018
The Israeli Supreme Court has just ruled that a taxpayer cannot claim a foreign tax credit under the US-Israel tax treaty (Tel-Aviv 4 Assessing Officer vs. Gmul America Ltd, Civil Appeal 8934/16 of June 11, 2018). Double taxation and no tax treaty relief is not good for international trade and investment ... Read More
July 11, 2018Leon Harris

13

Jun2018
The Israeli Supreme Court has just issued a judgment of interest to the Israeli hitech and industrial sectors and their employees (Kontera Technologies Ltd v Tel-Aviv 3 Assessing Office 943/16, Finisar Israel Ltd v Rehovot Assessing Officer 1728/16). Transfer Pricing in Israel: The Supreme Court handed down a combined judgment relating to ... Read More
June 13, 2018Leon Harris

23

May2018
New restrictions will limit the use of cash and blank checks (cheques) commencing the beginning of 2019 pursuant to a law just passed by the Knesset (Law Limiting the Use of Cash, 2018, Book of Laws 2710). The new law distinguishes between businesses, consumers (referred to as non-businesses) and tourists. A business ... Read More
May 23, 2018Leon Harris

08

May2018
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
May 8, 2018Leon Harris

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

25

Apr2018
 In 2017, it became mandatory for the self-employed in Israel to contribute money to their own pension fund, even if they are Exempt Dealers (Osek Patur). Type of fund? The pension fund must be an approved Israeli fund, such as a regular pension fund, managers’ insurance or provident fund. A foreign product is ... Read More
April 25, 2018Leon Harris

11

Apr2018
בפסח אנו חוגגים את היציאה של בני ישראל ואת זמן חרותנו. בזמנים המודרניים, פירוש הדבר שה-STARTUP NATION בארץ המובטחת חופשיה להרוויח כסף מיציאות אקזיט - מכירת חברות טק ועסקים אחרים לקבוצות רב-לאומיות שצריכות להמשיך להתקדם בכל מחיר. לדוגמה, אינטל שילמה 15 מיליארד דולר עבור Mobileye בשנת 2017 ו- KLA-Tencor משלמת ... Read More
April 11, 2018Leon Harris