Tax
California voters block future wealth taxes in major defeat for billionaire tax campaign - report
California voters narrowly approve a ban on new taxes on personal assets, closing the door on future wealth levies after rejecting a billionaire tax.
Your Taxes: How to avoid triple tax on IP carve-outs when an Israeli start-up is acquired
Finance Ministry austerity plan revealed: Rent tax and tax credits for parents
NGO seeks ruling on draft-linked tax discounts after Sa’ar appointed interior minister
Tax Authority prepares a NIS 10 Billion economic plan for the incoming government
Tax Authority prepares steps for new government to yield billions, including vacant land & travel taxes, plus real-time VAT. The director warns against new elections.
Tax Authority proposes flight tax to cover environmental costs
The proposed tax would reach approximately NIS 100,000 for a large aircraft on a long-haul flight. What it means for consumers: An additional NIS 274 per ticket to the US or Far East.
Trump administration weighs order targeting nonprofits over alleged terrorist ties - report
Officials have spent months on an order invoking Section 501(p) of the tax code, which would let the president suspend groups’ tax-exempt status immediately, The Wall Street Journal reported.
Israelis with European passports won't evade Greek real estate tax
The Greek Finance Ministry’s draft bill makes tax residency the key factor in the 15% purchase tax increase. European passport holders living in Israel will pay the same rate as everyone else.
Your Taxes: How tax insurance helps businesses and investors manage risk
Tax insurance provides a practical potential solution. It helps businesses and investors manage specific tax risks by providing financial protection if a covered tax issue is challenged.
Israel fuel prices could top NIS 9 per liter as tax cut expires after elections
Rising global oil prices amid expectations of renewed fighting with Iran, coupled with the expiration of Smotrich's fuel tax cut on November 3, are expected to drive fuel prices sharply higher.
Israel Police arrest four women in tax-refund scam that hit some 500 victims
Three of the suspects worked at a legitimate tax-refund firm, police say, steering clients’ fees into private accounts and cashing out their pensions
California's proposed wealth tax makes business domicile part of the exit analysis
Proposition 40 could affect billionaires with California residency ties, prompting business owners to review company domicile, personal residency and ongoing state tax obligations.
Gaza aid shipments resume as Hamas backs down from extortion threats targeting private merchants
Merchants previously suspended truck coordination activities in protest of a tax threatened by Hamas, wherein the terror organization demanded payments of approximately NIS 10,000 per truck.
Reservists lose municipal-tax discounts after wartime protection expires, petition says
One medical student, whose ordinary monthly wages were approximately NIS 2,600-3,000, received a full annual bill of roughly NIS 5,878 after previously receiving an 80% discount.
