Banking & Finance

‘We willingly relinquished our fiscal rights in order to buy peace, but we are not getting what we are paying for,’ says Maurice Hirsch, Director of the Initiative for Palestinian Authority

The State Comptroller stressed the need to examine how to collect taxes from the cryptocurrency market before the government raises taxes for the public.

Hamilton Lane’s Co-CEO arrives in Israel for his fourth time since the war amid rising tensions in the region: “I believe in Israel’s innovative spirit” 

The Finance Ministry laid out a number of factors that could impact the growth projection, causing it to rise or fall.

President Vladimir Putin is keen to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa.

The economy was supported by gains in consumer and state spending and in investment in fixed assets, while exports fell.

Israel's economic professionals have stressed it, Ratings agencies have said it - Israel needs a responsible budget for 2025, and it needs to show it can pass one now.

As always, consult experienced tax advisors in each country at an early stage in specific cases.

"A prolonged war on multiple fronts could weaken economic activity further and heat inflation, raising the risk of stagflation," Barclays economist said.

"Despite criticisms, Moody’s analysis of Israel's fiscal health is overly pessimistic."