Taxes

Mamdani calls for 2% tax hike on wealthy New Yorkers

The New York City mayor claimed that increasing taxes by 2% on those earning more than a million dollars per year would resolve nearly half of the city's budget deficit.

|ByREUTERS
New York City Mayor Zohran Mamdani holds a press conference at the New York City Office of Emergency Management, as a major winter storm spreads across a large swath of the United States, in Brooklyn, New York City, US, January 25, 2026.
New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021

Ashdod shop owner suspected of laundering money using ATM

According police, income from cash sales at the store, which was concealed from the tax authorities, was laundered through the suspect's bank accounts by depositing the cash into an ATM at the store

|ByJERUSALEM POST STAFF
AS THE US and China battle it out over supply chains and global trade flows, Israel, also the subject of US tariffs, finds itself navigating particularly complex terrain. Here, a man looks at a screen showing Chinese stock market movements, as he uses his mobile phone in Beijing on Monday.

Your Taxes: What to consider before any merger and acquisition deal

Mergers and acquisition deals tend to be 10% economic, 10% tax, 10% legal, and 70% psychological. The “smell of the money” affects people’s behavior in many deals.

|ByLEON HARRIS
Income Tax and Property Tax Department at the Finance Ministry

Your Taxes: Reportable income-tax positions target shelters in US

A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.

|ByLEON HARRIS

Your Taxes: It's time for the maritime areas bill to become law

The bill will help Israel secure crown jewels in the Mediterranean offshore gas fields.

SEPTEMBER 19, 2025ByLEON HARRIS
: London-based Energean's drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022.

Your Taxes: Rayner affair - avoidance vs evasion

Angela Rayner quits over stamp duty error on second home. Was it a mistake, avoidance, or evasion? Israel faces similar tax dilemmas.

SEPTEMBER 12, 2025ByJAMES COHEN, LEON HARRIS
Britain's Deputy Prime Minister Angela Rayner arrives for a cabinet meeting at Downing Street in London, Britain, September 2, 2025.

Anti-Israel Rep. Ilhan Omar worth millions, despite claiming she 'barely has thousands'

Rep. Ilhan Omar disclosed assets worth $6–30 million, mostly tied to her husband’s VC firm and winery, despite earlier insisting she “barely has thousands.”

SEPTEMBER 2, 2025ByJERUSALEM POST STAFF
U.S. Rep. Ilhan Omar (D-MN) speaks to supporters of student loan debt relief in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to reinstate his plan to cancel billions of dollars in student debt in Washington, U.S., F

Your Taxes: Moving onshore is tax evasion, says court

In a decision that has no winners, an Israeli court ruled that moving a subsidiary company from Dutch to Israeli ownership is tax evasion.

AUGUST 22, 2025ByLEON HARRIS
Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

Your Taxes: How the One Big Beautiful Bill impacts Americans in Israel

For Americans living in Israel, how will President Donald Trump's One Big Beautiful Bill (OBBB) affect your tax situation?

AUGUST 15, 2025ByYAACOV JACOB
The Big Beautiful Bill Is Triggering a Gold & Silver Boom

Israel Tax Authority cracks down on fake invoices with stricter company ownership reporting

The Israel Tax Authority is also considering significantly tightening sanctions on controlling shareholders who sell companies but do not immediately report this to the Tax Authority.

AUGUST 7, 2025ByAMIRAM GILL/GLOBES/TNS
Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

The dramatic changes proposed to the definition of Israeli, foreign residents - opinion

It is worth questioning why the Tax Authority largely abandoned the original committee’s recommendations without broader consultation.

JULY 31, 2025ByBOAZ FEINBERG
THE ISRAEL Tax Authority is apparently interpreting ‘mail’ to include email and downloads from the Internet.

Your Taxes: Avoiding a catch-22 - opinion

Anyone following the Israeli judicial reform process should note what can happen if an executive authority simply ignores the courts and uses a catch-22 excuse when caught out.

JULY 25, 2025ByLEON HARRIS
Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

Your Taxes: Tough new fiscal residency proposals

It is proposed that 75 days in Israel any year may soon make someone an Israeli resident – or even a mere 30 days for couples – subject to a further review over five years according to a formula.

JULY 10, 2025ByLEON HARRIS
Ben Gurion Airport

Jewish schools, families poised for windfall under new federal tax-credit program

The $1,700 federal tax credit to support private school tuition delivers a long-sought victory to Orthodox Jewish advocacy groups and other religious education proponents.

JULY 10, 2025ByASAF ELIA-SHALEV/JTA
Orthodox Jewish children get off a Yeshiva school bus, as New York City Mayor Bill de Blasio declared a public health emergency in parts of Brooklyn in response to a measles outbreak, in the Williamsburg neighborhood of Brooklyn in New York City, US, April 9, 2019.