Category: International Tax Planning

21

Dec2016
Who sets the fiscal policy here? If you said the Finance Ministry, go to the back of the class. And if you said the Bank of Israel, take some extra classes. In practice, there is a new sheriff in town, in Israel and over 100 other countries…the OECD ... Read More

14

Dec2016
The Israeli tax Authority (ITA) and Swiss Finance Ministry signed on November 27 a declaration of intent regarding the exchange of information about financial accounts. The aim is to enhance cooperation regarding the supply of information, “egalitarian enforcement” of taxation in Israel, truthful tax payment and limit black ... Read More

30

Sep2015
Leon Harris It's been a long hot summer. Now it seems we are in for a warm winter taxwise, thanks to the OECD. Western governments asked the OECD to recommend ways of preventing offshore tax evasion committed by corporations and individuals. Over the last year the OECD has duly issued a ... Read More

30

Sep2015
Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how ... Read More

30

Sep2015
Leon Harris One of the things that spooks tax authorities the world over is that taxpayers may know more than they report. But tax authorities have a blunt weapon of retaliation – the ability to use hindsight when issuing tax assessments. For example, suppose an Israeli  pharmaceutical company discovers a new herb ... Read More

30

Sep2015
Leon Harris   Background   The OECD is spearheading a concerted effort to help governments around the world collect more taxes. The OECD is doing so by issuing a series of recommendations for tightening up corporate and personal tax measures. Individual governments are then likely to enact and/or implement such measures. Israel joined OECD ... Read More

30

Sep2015
Leon Harris   On February 6, the OECD announced that multinational groups with a turnover above EUR 750 million must start Country by Country reporting in their countries of residence in 2016. This simple procedural requirement is sending shock waves round the international business community.   Background   The OECD is spearheading a concerted effort ... Read More

30

Sep2015
Leon Harris The OECD is at the forefront of an international campaign to try and collect more taxes from multinational groups. Israel joined the OECD in 2010.   On October 31, 2014, the OECD published a discussion draft on preventing the artificial avoidance of PE (permanent establishment) status as "action" 7 of its ... Read More

10

Jun2015
Leon Harris The OECD is at the forefront of an international campaign to try and collect more taxes from multinational groups. Israel joined the OECD in 2010. On May 15 the OECD published a revised discussion draft on preventing the artificial avoidance of PE (permanent establishment) status as “action” 7 of its ... Read More

09

Mar2015
Leon Harris On February 6, the OECD announced that multinational groups with a turnover above EUR 750 million must start Country by Country reporting in their countries of residence in 2016. This simple procedural requirement is sending shock waves round the international business community. Background   The OECD is spearheading a concerted effort to ... Read More

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