Taxes
Your Taxes: Reportable income-tax positions target shelters in US
A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.
Your Taxes: Will Israel's proposed property tax crash again?
Your Taxes: New Israeli taxation rule calls for immediate action
Bahrain unveils massive reform package to tackle $50 billion debt crisis
Things to consider as the tax year comes to an end
The Israel-Hamas war is adding to the government’s budgetary needs. So, taxes won’t be cut any time soon.
Saudi Arabia announces tax breaks for companies moving regional HQs to the kingdom
Crown Prince Mohammed bin Salman, has made serious efforts in recent years to turn the country into a viable alternative to the United Arab Emirates as a regional hub of finance, industry, and trade.
Revisited: Is Zionism tax evasion? - analysis
The moral seems to be: don’t overdo your tax planning. But this was not the finest hour for anyone involved.
Hunter Biden charged with four-year tax evasion scheme
Biden was hit with three felony and six misdemeanor tax offenses, according to an indictment filed in US District Court in Central California.
Don’t mix business with volunteering activity
A principal lesson is not to mix business with charitable, or voluntary activities. In this case, an Israeli individual did so and it resulted in being allegedly amounted to fraud and tax evasion.
2023 is almost over: Time to reassess your financial situation - opinion
Use this time of the year to sit down and reassess your financial situation. If there are changes, take the time now to re-allocate your funds.
Your Taxes: Israel lags behind OECD initiatives
The government has issued proposals to collect 23% from Israeli parent companies with 30+% affiliated companies that derive certain types of “mobile income” taxed abroad below 15%.
Your Taxes: Tax penalty for couples, married or not
If you buy or sell a home in Israel, your tax will be higher if you are married or living together as a common-law couple, than if you are single.
Just before Yom Kippur, Israel is getting GILTI
It remains to be seen what will finally be enacted and when. Financial, insurance, and e-commerce groups, among others, may be impacted.
How changing foreign tax legislation could impact how much you pay
YOUR TAXES: With the new year approaching, the government wants to take a different bite out of your apples (and income) abroad.