30/03/2023 Partner since 2015 Specializations: US and international taxation You were born and raised in the USA – how did you decide to make Aliya? I have always known that I would like to live and raise my children in Israel. My wife and I decided at a very early
With the end of the tax year fast approaching, here are a few action items that may be relevant. For Individuals If you haven’t already done so, make a claim for the Working Tax Grant (negative income tax) in respect of 2016 income. The deadline is December 29. If you
The latest amendment to the tax law was publicized last week. Among the sections included in the new law was a section dealing with the circumstances in which the Israeli Tax Authority is permitted to exchange information with other tax authorities across the world. Without going into the details of
In the USA, one of the most common ways of running a business or investment is via an LLC (Limited Liability Corportation). Such a vehicle has a number of advantages, but these are not our concern here. The tax treatment in the USA is that, although the LLC is a
Two interest articles have appeared in The Marker (Hebrew) over the last 24 hours. The first article discusses the fact that the Treasury has agreed to put into place measures necessary to ensure that Israel will be compliant with the OECD’s multilateral exchange of information agreement regarding bank account holders
Interest is income generated from the giving of a loan. This includes the easily-recognisable situations of a bank-deposit, as well as somewhat more obscure sources such as tax refunds (where the tax-man has effectively “borrowed” the money from the taxpayer) and period pay-outs on bonds. Taxation of interest falls into
