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.

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

 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

 Income Tax and Property Tax Department at the Finance Ministry

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


Trump suggests Canada should become the 51st state, again

Trump pushes for Canadian statehood, claiming it would remove tariffs and strengthen both nations.

 A visual illustration shows US President Donald Trump in front of the Toronto skyline.

Trump USAID shutdown could spark a global humanitarian crisis – opinion

Trump’s move to dismantle USAID could reshape foreign aid, hurt US farmers, and empower rivals like China and Russia.

 USAID pallets of food, water and supplies

Foreclosure of Armenian Patriarchate properties threatens Christians in the Holy Land - opinion

The municipality's move is not just a legal or financial issue but a matter of great concern for the future of the Christian presence in Jerusalem.

 A WOMAN walks in the Armenian Quarter of Jerusalem’s Old City. The Armenians in Jerusalem are one of the smallest and most vulnerable communities; they are neither Palestinian nor Israeli and have no interest in being dragged into the ongoing conflict, says the writer.

Doing Business in Israel in 2025, what you need to know

The October 7 war has affected the Israeli economy due to IDF reserve duty, frontline evacuations, and higher taxes needed, so what do you need to know?

 New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021.

Israel Tax Authority set to publish voluntary disclosure plan including 'crypto' fast track

The voluntary disclosure procedure allows Israelis who have concealed and unreported assets to report them to the state and pay tax with immunity from criminal proceedings.


OECD Multilateral Instrument and E-Commerce Taxation – Israel

What is the MLI and why does it matter to the Israeli small and medium enterprise (SME) sector?

 Illustration of  Israeli shekels, September 24, 2023

Your Taxes: Surly surtax

As part of the 2025 budget tax package, the Knesset passed an amendment that expands and increases what is sometimes known as the “Rich Man’s Tax” on high-income taxpayers.

Calculating taxes

Is the OECD Amount B treaty second-rate for Israeli distributors?

Your Taxes | New OECD model tax treaty aims to streamline profit calculations for related-party imports, but Israel's status as non-covered jurisdiction raises questions.

 Illustration of  Israeli shekels, September 24, 2023

Could taxes end up saving the planet?

Your taxes: Exploring global carbon pricing strategies, Israel's climate goals, and the challenges of reducing greenhouse gas emissions.


Your Taxes: Pirates of the Mediterranean

An operation by the Israeli Police and Israeli Tax Authority lasted over years and exposed tax evasion and money laundering running into nearly one hundred million Shekels.

 Ashdod Port