By David Isaac
“Reduce all the tariffs, all the quotas and all the NTBs—they are adding 40% to 80% to the cost of most products,” said Elise Brezis, professor of economics at Bar-Ilan University and director of the Azrieli Center for Economic Policy. “That’s the first thing the government has to do. When they do that, then there will be a big change. The rest is commentary.”
Taxes, banking activities, and housing issues were some of the most glaring examples of problems in the State Comptroller’s annual report.
The Israeli government's new budget introduces a whole slew of new taxes on the recovering citizens.
Finance Minister Moshe Kahlon said Thursday that he would cut income tax for “working couples” immediately after the Passover holiday.
“I wouldn't like to see a reality where a husband or wife gets up in the morning and they don’t have a job to go to," Kahlon said.
Veteran U.S. accountant and tax advisor Philip Stein explains what your tax obligations are to the IRS as a U.S. citizen living abroad. Find out what you need to report.
“I’ve been disgusted every time I’ve heard the absurd plastic bag tax legislation introduced.”
Actually, the public doesn’t appear to share the media’s obsession with the minutiae of a candidate’s tax returns...
By JNi.Media
In order for the arrangement regarding the issuing of E-2 visas to Israeli citizens in the United States to go into effect, a similar arrangement must be applied in Israel regarding citizens of the United States.
By Shalom Bear
The PA plans to destroy Israeli products found in Arab-owned stores, but the Arab population will probably just buy them from Rami Levy instead.
The question is will the Palestinian Authority evaporate because it has no raison d’etre or has no money.
Hamas claimed one of the bank's clients owed them taxes...
By Aryeh Savir, Tazpit News Agency
Over 100 claims have been made so far as a result of damage caused by the rockets in the south, totaling at 10,000,000 NIS.
The US has been going after international banks who may have violated new money laundering laws.
The Israeli government has hopes to put the kabash on cash transactions starting in fiscal 2015 budget.
By Jewish Press Staff Reporter
The Israel Tax Authority has reached agreement with the U.S. to coordinate info between the IRS and Israeli banks.
A get-tough IRS policy on Americans living abroad has encouraged some Americans living abroad, including “olim” in Israel, to revoke their American citizenship, the Globes business newspaper reported. The United States taxes its citizens' income even if they have been living abroad for years, and agrees with most banks in the world now expose all […]
Israel’s new offshore gas industry will generate $60 billion in revenues in Israel over the next 20 years, Finance Minister and Yesh Atid party chairman Yair Lapid told the Knesset in its first day of the winter session Monday. He charged the Opposition with damaging the economy by placing obstacles to the natural gas hook-up, […]
Israel, like Canada and many states in the US, has one big reason to legalize marijuana: Money. Canada launches legal medical marijuana. Colorado and Washington have legalized it. Is Israel next?
Want to stop smoking? Drink less alcohol? Ask your local government to raise taxes on cigarettes and liquor. It works wonders. Just ask Israelis.
Tighter American tax laws have encouraged U.S. citizens to withdraw approximately $2 billion from Israeli banks in less than two years. "The blow is not just in the drop in assets, but also in the drop in investments. Some of these customers, especially the wealthy ones, use the money to make investments and acquisitions in […]
Paying taxes is a piece of cake.
Will someone sue the US government over politicized tax enforcement?
Welcome to Obamaland, where death and taxes is no longer an ironic statement, but a grim reality.
Hitler wanted to exterminate Jews. Lapid only wants to exterminate the Haredi habit of not to work or serve in the IDF. That is enough for a Haredi columnist to compare Lapid’s and Hitler’s speeches.
Bill Clinton’s wealth is more than $55 million. He gets a double dividend as a paid energy lobbyist and being a “friend” of Israel by lobbying against the government’s taxing newly-found gas.
When it comes to the IRS, out of sight is not out of mind.
By Rafi Farber
The finance minister will be me and only me, and I will cut everyone’s budget by 100% and return all the money to the taxpayers who it was stolen from.
An interview with Darlene Hart, chairwoman of the U.S. Tax & Financial Services Group.
An interview with Jackie Bugnion of American Citizens Abroad.
An interview with Chris Pavone, author of The Expats.
What infrastructure achievement has the shovel-ready administration managed to achieve?
An interview with tax attorney Dave Wolf.
An interview with Ron Zalben, about the FBAR and FATCA tax forms and why it's so important to file them.
Lapid's election success is a reflection of the widespread view among Israelis that external threats do not mean that the country's house should not be put in better order.
Police are preparing for potentially violent riots against Michael Ben-Ari and his supporters.
Prohibition is long gone but the consequences of it are still with us today.
What Obama means by 'saving' the Middle Class is turning them into welfare clients.
An interview with Anne Hornung-Soukup, finance director of American Citzens Abroad.
Fayyad wants Palestinians to boycott Israel, but at the same time is unable to provide them with better alternatives.
The record Powerball lottery - $550 million ($360.2 million as a cash option before taxes) - goes to numbers...
Galei Tzahal reports that despite Israeli threats to withhold money if the Palestinian Authority doesn't stop its UN bid for statehood, Israel transferred on Tuesday NIS 200 million (around $50 Million) to the Palestinian Authority to help them pay salaries. The money was paid from taxes collected o behalf of the Palestinian Authority. One wonders why that money […]
If only my city were to treat me with the same courtesy they accorded Kaddafi.
Being forced to pay taxes does not make us more virtuous people. If it did, our founding fathers would have thanked George III for his coercion.
U.S. taxpayers traveling to the United States with unpaid U.S. tax assessments can be detained at the border, questioned, and flagged for follow-up enforcement. If a taxpayer has an unpaid tax liability and is subject to a resulting Notice of Federal Tax Lien, the IRS may submit identifying taxpayer information to the Treasury Enforcement Communications System (TECS), a database maintained by the Department of Homeland Security (DHS).
There’s no such thing as a perfect investment.
There are few choices as personal and important as the educational environment in which our children are immersed for most of their waking hours. Yet in the United States, unless parents want to risk bankruptcy just to afford tuition, they are given no choice.
Last week I published a letter from a thirty-eight year old single woman who lamented that despite her having become a ba’alas teshuvah, forsaking her secular life, committing to Torah and mitzvos, going to rabbis, receiving berachot – in short, doing all the “right” things – she has failed to find her bashert, her soul mate. She wondered where G-d was and what all her sacrifices were all about. She was angry at G-d and regarded all her efforts as having been for naught. “My joy in Judaism has disappeared,” she wrote. The following is my response.
The price of gas was lowered overnight Sunday by 2.15%, making the maximum price of self-serve 95-octane gasoline 16 agorot per liter less - NIS 7.27.
Chief Justice John Roberts joined the Democrat-appointed justices to rule 5-4 that Congress has the power to impose the healthcare mandate under its power to levy taxes.
By J. E. Dyer
For many people, especially younger ones, ideas about which government rules and “services” we can happily do without will be new and startling. But it is possible to slip the surly bonds of the Regulated Man construct and envision a better future. Wisconsin has taken an important step toward that future. Walker’s Wisconsin is what “Forward” looks like.
Israel will tax your U.S. municipal bonds, many of which are tax exempt.
Austerity policies, which consist mainly of extra taxes, not only keep the European governments from finding long-term solutions to their overspending, while worsening the economic situation; they also make these government increasingly unpopular. Almost 40 years after Arthur Laffer drew his famous curve on a napkin, one wonders why European politicians keep closing their eyes to an evident truth instead of putting in place incentives for growth.
By Rafi Harkham
Danny Goldstein, founder and chairman of 'Calcala' ('Finance'): “We are focused on making Israel a better place to live and a better place to invest by merging the best of Israel and America - representing Israelis, but with an eye on the American perspective.”
PM Netanyahu explained that lowering taxes means shrinking the government, and, this time, cutting taxes means cutting public sector jobs. He emphasized that no one needs to be fired if enough workers embrace early retirement or quit, but conceded that this means the ministries will not be hiring for a long time.