ITA

Italian airline cancels flights to Israel in wake of growing regional tension with Iran

The move made ITA Airways, Italy’s national carrier, the first airline to announce cancellations following the latest escalation with Iran.

An Airbus A321-271NX (EI-HXA) from ITA Airways takes off as it passes in front of kerosene tanks on March 21, 2026, in Brussels-Zaventem Airport, Belgium.
 Thousands of additional shekels can be saved every year with tax exemption

Your Taxes: New Israeli taxation rule calls for immediate action

 US PRESIDENT Donald Trump uses a gavel after signing the sweeping spending and tax legislation known as the ‘One Big Beautiful Bill Act,’ at the White House last week.

Your Taxes: The Trump technique - bargaining chips

 Italia Trasporto Aereo (ITA) plane with the state airline's blue livery is seen at Fiumicino airport before a news conference to present the new fleet, in Rome, Italy, March 1, 2022.

Lufthansa Group to resume Tel Aviv flights starting later in June


What are CbC reports and what do they do?

The answer lies in the CbC reports, which will soon but belatedly be required in Israel. CbC reports will give the ITA eyes to see around the world what activities a multinational group has.

 Illustrative image of doing taxes.

Tax Authority ups the ante for multinationals

YOUR TAXES: The ITA is playing hardball with multinationals that must prepare accordingly.

Calculating taxes

Your Taxes: Less VAT on VCs?

So if your tax planning is at odds with an ITA position, you must tell them so they know where to start a tax audit.

Money cash Shekels currency 521

Your taxes: Tax Authority gets its come-uppance

So is all hunky dory at the ITA? Not quite. The ITA received embarrassing criticism in a couple of areas.

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