YOUR TAXES: VAT on outsourcing abroad and fabless fabs

So the taxpayer tried a different argument – products are designed and developed in Israel and therefore intangible property (IP) is exported for use outside Israel – in Vietnam and the US.

Approximately 170,000 Americans live in Israel. In total, more than one million U.S. citizens and green card holders – who both live overseas and own more than 10% of a foreign corporation – faced the prospect of paying the tax.

(photo credit: REUTERS)

ByLEON HARRIS

FEBRUARY 6, 2020 22:49

YOUR TAXES: VAT on outsourcing abroad and fabless fabs

So the taxpayer tried a different argument – products are designed and developed in Israel and therefore intangible property (IP) is exported for use outside Israel – in Vietnam and the US.

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YOUR TAXES: VAT on outsourcing abroad and fabless fabs

So the taxpayer tried a different argument – products are designed and developed in Israel and therefore intangible property (IP) is exported for use outside Israel – in Vietnam and the US.

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