Taxes
Mamdani calls for 2% tax hike on wealthy New Yorkers
The New York City mayor claimed that increasing taxes by 2% on those earning more than a million dollars per year would resolve nearly half of the city's budget deficit.
Ashdod shop owner suspected of laundering money using ATM
Your Taxes: What to consider before any merger and acquisition deal
Your Taxes: Reportable income-tax positions target shelters in US
Your Taxes: R&D centers are big business for Israel
Israel’s new R&D center tax circular could transform the merger and acquisition strategies of acquiring groups with global revenues of over NIS 10b.
Israel pushes to outlaw possession of over NIS 200,000 in cash
Opponents of the move claim that it severely violates privacy and limits economic freedom.
Your Taxes: Beware of ‘trapped profits’ taxation in international cases
Trapped profits refer to undistributed profits on which “only” 23% company tax was paid. In many cases, the profits were plowed back into the business of the company concerned.
US Pres. Donald Trump committed to $2,000 tariff payoff, warns US faces 'economic disaster'
Trump said the United States faced an economic and national security disaster if the Supreme Court ruled against his use of an emergency powers law to impose sweeping tariffs.
Knesset advances first reading for tax benefits bills for Ashkelon, southern Israel, West Bank
The bills will now be brought to the Knesset’s committees for further discussion before being brought back to the plenum, where they will need to pass a second and third reading to become law.
Your Taxes: Why you should use publicly-available company printouts in business deals - opinion
The Israeli business sector will gain more transparency with increased Israel Companies Registry information becoming publicly available.
Your Taxes: How Israeli companies can dodge the new trapped profits tax - explainer
This opportunity to reorganize by full or partial liquidation expires soon. But these rules are not the greatest thing since sliced bread.
Your Taxes: What new immigrants and returning residents need to know before aliyah to Israel
“New residents” and “senior returning residents” who lived abroad 10 years are entitled to a package of income-tax benefits.
Your Taxes: Clarifications for new Israeli tax amnesty
Consult experienced tax and professional advisers in each country at an early stage in specific cases.
Your Investments: Swimming lessons, gambling, and financial success
In many facets of life, patience is needed to achieve success. Creating wealth is no different. You are not going to get rich overnight.
