Taxes

Your Taxes: Reportable income-tax positions target shelters in US

A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.

 Income Tax and Property Tax Department at the Finance Ministry
 Illustrative image of doing taxes.

Your Taxes: Will Israel's proposed property tax crash again?

 Thousands of additional shekels can be saved every year with tax exemption

Your Taxes: New Israeli taxation rule calls for immediate action

BAHRAIN'S MINISTER of Finance and National Economy, Sheikh Salman bin Khalifa al-Khalifa speaks during a financial conference in Manama, Bahrain February 27, 2019.

Bahrain unveils massive reform package to tackle $50 billion debt crisis


Important developments for US citizens living in Israel - opinion

The US and Israel have instituted new legislation on the topics of investments, taxes, and real estate.

 Adv. Osher Felicia Haleli, a Partner in the law firm Shibolet & Co.

Your Taxes: Withdrawals from savings - opinion

The Israeli government has amended tax laws to allow backdated pension contributions and early withdrawals from study funds due to the war.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Why Wiz walked away from Google's $23 billion deal

Your taxes: In this case, Google had a cash pile of more than $110b. and presumably wanted Wiz and its cloud security technology to help stay ahead. But Wiz has other options, such as an IPO.

VARIOUS ISRAELI banknotes are displayed for an illustrative photo. The economy is well on its way to the pre-pandemic standards of budgetary discipline.

Assessing the impact of a second Trump presidency on US and Israel

A second Trump presidency could transform the American economy while bolstering Israel's regional ties through expanded diplomacy. However, plenty of challenges could undermine this hope.

 Republican presidential nominee and former president Donald Trump stands with Senator J.D. Vance, the Republican vice presidential nominee, at an election rally in Grand Rapids, Michigan, last weekend.

How to disprove a wrongful tax evasion accusation

Your Taxes: Businesses should always have a commercial rationale for their acts.

Calculating taxes

Your Taxes: The end of cost plus in Israel? - opinion

The Israeli Tax Authority (ITA) has just won a significant victory in the District Court against the use of the “cost plus” basis of compensation.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Does the day after the war start with the Magna Carta? - opinion

Clearly, Gaza could do with a dose of democracy. Israel does have a democracy but lacks a constitution.

 One of the few surviving copies of the Magna Carta, on sheep’s skin is displayed at an exhibition in Hong Kong.

Tel Aviv Stock Exchange to align trading week with global bourses

The announcement comes as shares have recovered from the October 7 Hamas attack on Israel that pushed the broad Tel Aviv 125 index.

View of the Tel Aviv Stock Exchange. November 29, 2020.

BYD electric car: $20,000 in China, $40,000 in Berlin, $44,000 here

Israelis pay high prices for Chinese electric cars, not just due to taxes, but because the Chinese rely on global subsidies for their domestic market.


Baseball is back - and so is financial optimism

Let’s use optimism, before reality strikes, to get our children on the path to financial independence. It’s a win-win: They become financially secure, and we don’t need to support them.

 Baltimore Orioles starting pitcher Scott Feldman works against the Toronto Blue Jays into the eighth inning to pick up his first win as an Oriole during their MLB American League baseball game in Baltimore, Maryland July 14, 2013.