Tax
Police and Tax Authority uncover 50 million NIS laundering scheme in Kafr Qara factory
A joint investigation by Israeli police and the Tax Authority led to the seizure of millions in cash and assets at a Kafr Qara concrete factory linked to a major money laundering ring.
Your Taxes: Israel moves charities online for tax breaks
Tax implications of winning the lottery: What you need to know
Your Taxes: AI dos and don’ts
Trump sues IRS, Treasury Department for $10 billion over tax return leak
US President Donald Trump files a $10 billion lawsuit against the IRS and Treasury over leaked tax returns, claiming significant reputational and financial harm.
El Al to distribute first dividend since 2017 after state approval
El Al has recorded exceptional profitability in recent years, in 2024 the company recorded a record profit of over $500 million
What is Tim Walz's role in Minnesota's welfare fraud scandal? - explainer
The Trump administration is ramping up federal enforcement in Minnesota, citing massive fraud tied to state programs, as Governor Tim Walz steps aside under growing scrutiny over oversight failures.
China taxes condoms, contraceptives, in push to combat declining population
China's population fell for a third consecutive year in 2024 and experts have cautioned the downturn will continue.
Bahrain unveils massive reform package to tackle $50 billion debt crisis
The reform package includes higher electricity and water tariffs, with an exception for citizens’ first homes, which will continue to receive subsidized rates up to a specified limit.
'Smotrich is taking us hostage': Small-business owners protest new VAT, customs exemptions
Protesters also warned of the economic implications of the move for local commerce, employment, and business stability in Israel, saying that the move “will be remembered in infamy."
US House reaches bipartisan majority opposing radio performance tax
The Local Radio Freedom Act crossed a key House majority threshold, reflecting bipartisan resistance to new fees on local radio broadcasters.
Your Taxes: What Israelis should review before tax year closes
The Israel-Hamas War has added to the government’s budgetary needs. So, taxes won’t be cut any time soon.
Your Taxes: How does Israel tax foreign pensions? The laws all immigrants should know
US Social Security is exempt in both the US and Israel under the US-Israel tax treaty.
Treasury Dept. investigates allegations that Minnesota tax dollars sent to al-Shabaab terrorists
Treasury Secretary Scott Bessent says the US is reviewing allegations of diverted Minnesota funds to al-Shabaab, a charge Governor Tim Walz calls unfair to Somali Americans.
