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
The OECD is at the forefront of an international campaign to try and collect more taxes from multinational groups. These groups are perceived by some governments as being over-successful in shifting profits to sunny offshore locations. Many billions of tax dollars and euros are thought to be at stake. Israel ...
February 17, 2015Leon Harris
Carole Bourgeois & Leon Harris Following the tragic news in Paris, it is important to exude business as usual. What do Israel and France have in common? On the business and tax side the following will be helpful: the France-Israel tax treaty, the France-Israel social security treaty, the EU-Israel free trade ...
January 9, 2015Leon Harris
On November 5 the Israeli Tax Authority (ITA) announced that the Haifa District Court had lifted a gag order on a Swiss Bank affair that had been under wraps since June 26. According to the announcement, the ITA had been running an undercover investigation on Swiss bank accounts held by Israelis. ...
November 11, 2014Leon Harris
Fragmented balances below $250,000 held by entities may proliferate. And individuals will check where they have identity numbers and telephone numbers, among other things.... The world is getting smaller. Hidden cash far away will soon be more transparent and seemingly nearer. On February 13 the OECD unveiled a Common Reporting and Due ...
September 23, 2014Leon Harris
In 2011, Israel passed a law allowing angel investors to claim a deduction for Israeli tax purposes for investments in certain Israeli hi-tech startups. However, the conditions are so onerous that this incentive has not proved successful. Consequently, modifications are now proposed. The present law According to the Economic Policy Law for ...
September 22, 2014Leon Harris