Taxation

There is a fundamental difference between international and local tax counselling in Israel. Advisors need to cooperate with tax advisors from other countries. A failure to do so might lead to poor planning, which will expose the taxpayer to high tax rates. In this article there is an example of possible scenario where the optimum tax planning in Israel and the optimum tax planning in Germany leads to the worst possible outcome when combined. This article was published with the name ‘Practice makes perfect’ in STEP Journal (Vol28 Iss6), pp.39-41

The Israeli Tax Ordinance and the Land Taxation Law include comprehensive rules governing the issue of gifts. As a rule, the transfer of an asset as a gift is a taxable event in Israel as any other sale of an asset. Nonetheless, under certain circumstances, the donor may be entitled to receive an exemption from the payment of taxes. This article deals with the taxation and exemption of a gift when international tax aspects are involved

This article is a brief summary of the main benefits in the Israeli Tax Ordinance, aim to create a tax environment which attracts foreign investors as well as encourages the use of Israel as a base for international activities.

Living and working in Israel for non-residents can be a unique experience. Nevertheless, unique as it is, any person who comes to Israel to work and not to travel must be concern of tax issues. Israel's taxes should be a major factor in calculation of profitability and a proper planning and preparations can resolve many taxes and future debates.

This article deals with the tax implications of requesting a step-up in relation to inheritances and gifts from abroad for Israeli residents. The article was published in STEP journal on June 2014.

This article deals with the history of the taxation of trusts in Israel. It was published in Trust Quartely Review on June 2014.

This article was published in Trusts & Trustees journal, Volume 14 Issue 2 on March 2008. It deals with reporting obligation of the trust’s parties: Settlor, trustee and beneficiary. Trusts & Trustees is the leading international journal on trust law and practice.

This article was published in Trusts & Trustees journal, Volume 13 Issue 3 on March 2007. Israel’s new law requiring taxpayers to report aggressive tax planning arrangements to the Israeli Tax Authority requires professionals to consider the reporting implications and the risks when advising clients. Trusts & Trustees is the leading international journal on trust law and practice.

This article was published in Trusts & Trustees journal, Volume 12 Issue 3 on February 2006. It deals with new concept, introduced by the Law, of an underlying company in Israel. The Law provides for the establishment of an underlying company of a trust within Israel or abroad for the legal separation between the trustee’s personal assets and the trust’s assets. Trusts & Trustees is the leading international journal on trust law and practice.

This article was published in Trusts and Trustees journal, Volume 11 Issue 9, on September 2005. It was a few month before the new legislation for the taxation of trusts went into force. Trusts & Trustees is the leading international journal on trust law and practice.