The Israeli tax Authority (ITA) has just published a long awaited circular on the trust tax regime in Israel (Circular 3/2016) of August 9, 2016). It not only summarizes the tax rules for trusts, it also makes many comments, some of them controversial. We briefly review a few ... Read More
Legend has it that the first trusts were administered by priests a thousand years ago for English and French nobles who took part in the crusades in these parts.
A trust is basically an arrangement in which a settlor (or grantor) transfers assets to a trustee to ... Read More
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
It's been a busy week in the tax world. Greece is teetering on the brink of default caused in part by a dislike of paying Greek taxes.
On this side of the Mediterranean, the Israeli government seems keen to sort out gas production problems. That will mean more energy for ... Read More