Israelis in hitech and other industries are often relocated to work abroad. At what time do they become foreign residents? For many years this was a mystery. The Israeli tax law says that dropping Israeli fiscal residency takes at least four tax years – two years in Israel under 183 ... Read More
Category: International Tax Planning
25
Oct2017
Are Bitcoins and Other Virtual Currencies Tax-Exempt?
In 1964, the Dave Clark Five pop group raised room temperatures with their foot stomping hit “Bits and Pieces”. In 2017, the rise in bitcoin prices is again raising room temperatures.
To add to the euphoria, some think there is a big Israeli tax loophole.
With ... Read More
October 25, 2017Leon Harris
04
Oct2017
President Trump and the Republican party issued a tax reform “framework” plan on September 27. It’s only 9 pages long so we don’t yet have full details and it has yet to be enacted. Given that, what’s in store for US businesses, US Olim, and everyone else?
Business Taxation
The framework proposes ... Read More
October 4, 2017Leon Harris
27
Sep2017
The Israeli Tax Authority published final instructions regarding Reverse Vesting shares on June 5 (Circular 5.2017. This will be of interest to many people in the Start-Up Nation.
Until now, founders and key personnel holding 10% or more of a company seemed to miss out on the opportunity to pay only 25% tax ... Read More
September 27, 2017Leon Harris
19
Jul2017
The world’s tax treaties have just undergone instant plastic surgery. Unfortunately, they aren’t as pretty as they used to be. One of the surgeons in attendance was the Israeli finance minister, Moshe Kahlon.
It all happened on June 7 in Paris, when the OECD held a grand signing ceremony fora new ... Read More
July 19, 2017Leon Harris
08
Jun2017
Once upon a time in Never Land, a high tax country, Old Macdonald Inc. (OMI) hit upon a way of converting carrots into 24 carat pure gold at minimal cost. Unable to believe its good fortune, OMI licenses this knowhow to its subsidiary company OMI Offshore Ltd in Utopia, an ... Read More
June 8, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
23
Jan2017
At his inaugural speech on January 20, President Trump espoused two economic principles: "Buy American and Hire American". What else can the rest of the world expect?
Immediately after the inauguration, the White House website provided a few more insights (https://www.whitehouse.gov/america-first-foreign-policy)
"The world must know that we do not go abroad in ... Read More
January 23, 2017Leon Harris
27
Dec2016
Wouldn't it be nice if you could complain about tax authority bureaucracy. Now you can, if the complaints relate to failed attempts to apply tax treaty dispute resolution procedures. But hurry, there isn't much time to file the complaint.
The Background – BEPS:
On October 5, 2015 the OECD published a comprehensive ... Read More
December 27, 2016Leon Harris