Category: International Tax Planning

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

17

Feb2015
The OECD is at the forefront of an international campaign to try and collect more taxes from multinational groups. These groups are perceived by some governments as being over-successful in shifting profits to sunny offshore locations. Many billions of tax dollars and euros are thought to ... Read More

09

Jan2015
  Carole Bourgeois & Leon Harris Following the tragic news in Paris, it is important to exude business as usual.  What do Israel and France have in common? On the business and tax side the following will be helpful: the  France-Israel tax treaty, the France-Israel social security treaty, the EU-Israel free trade ... Read More

11

Nov2014
On November 5 the Israeli Tax Authority (ITA) announced that the Haifa District Court had lifted a gag order on a Swiss Bank affair that had been under wraps since June 26. According to the announcement, the ITA had been running an undercover investigation on Swiss bank accounts held by Israelis. ... Read More

23

Sep2014
Fragmented balances below $250,000 held by entities may proliferate. And individuals will check where they have identity numbers and telephone numbers, among other things.... The world is getting smaller. Hidden cash far away will soon be more transparent and seemingly nearer. On February 13 the OECD unveiled a Common Reporting and Due ... Read More

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