Why endure tough times outside Israel, when tax breaks are on offer for up to 10 years in Israel? The world is full of problems. Israel has problems but Israelis learn to cope. As Steve US Special Envoy Witkoff told…

The Israeli Finance Ministry has published controversial proposals to tax undistributed profits of Israeli private companies (Report of the Undistributed Profits Review Committee, September 3, 2024). The Israeli Institute of Certified Public Accountants is outraged – should we be? Background:…

As Olim (new immigrants) and others know, getting money into Israel isn’t easy. All the Israeli banks check that the money is clean and not tainted by crime, terror or tax evasion. The onus is on the bank customer to…

The Israeli Tax Authority (ITA) has continued its tradition of issuing rules with or without Knesset approval. This time the issue is meal expenses for foreign sportspersons. The ITA rules leave many big unanswered questions. Even the Israeli CPA Institute…

The Israeli Tax Authority (ITA) recently published two interesting tax rulings, regarding the Israeli tax consequences, or lack of them, upon migration. This matters for a wandering people.  When a tax ruling is issued, other taxpayers can assume similar consequences…

What should we glean from the reported collapse of Google’s expected deal to acquire Israeli cyber company Wiz for $23 billion? Wiz apparently now prefers to go for an IPO (initial public offering) on a stock exchange exchange instead of…

Being accused of tax evasion is serious. What do you do if the Israeli Tax Authority (ITA) throws the book at you and accuses you of artificial tax evasion? One taxpayer threw the book right back and won in the…

If your business is on a cost plus basis, that may soon change. The Israeli Tax Authority (ITA) has just won a significant victory in the Israeli District Court against the use of the “cost plus” basis of compensation (Ebay…