Ela Levy Weinrib On Tuesday, June 16th, 2015

Sammy Ofer’s estate faces $247 million tax bill

The Israel Tax Authority is demanding payment of about $247 million from the estate of billionaire Sammy Ofer, who passed away on June 3, 2011 at the age of 89, according to an order issued by the Tax More...

Ela Levy Weinrib On Monday, September 8th, 2014

Israeli Tax Chief: We’ll Get Everyone Sooner or Later

“Our feeling is that the current campaign will be very successful and will yield revenues worth billions for the state coffers, because as well as our intensive activities to uncover unreported capital More...

Ela Levy Weinrib On Monday, June 30th, 2014

Nochi Dankner indicted for share manipulating

– The former IDB controlling shareholder allegedly fraudulently influenced IDB’s shares. – The Tel Aviv District Prosecutor (Taxation and Economics) today filed an indictment against Nochi More...

LOGO , Illustration, TAX
Ela Levy Weinrib On Saturday, June 14th, 2014

Israeli Tax Authority targets foreign bank account holders

– The Tax Authority has been handed information about thousands of Israelis with foreign accounts. – – “The Tax Authority has a list of Israelis with foreign bank accounts with tens of More...

Ela Levy Weinrib On Thursday, June 12th, 2014

Israelis shifting money to Dubai

– With the end of banking confidentiality, many Israelis are fleeing the long arm of the Israel Tax Authority to the tax haven of Dubai, which has no bank reporting. – Tightening tax regulations More...

Ela Levy Weinrib On Monday, April 28th, 2014

Israel Corp sued over last Better Place investment of $293 million

– Shareholder claims the company could have saved $33.5 million by not making its last investment in the electric car venture. – – A lawsuit filed today with the Tel Aviv District Court against Israel More...

Ela Levy Weinrib On Sunday, April 6th, 2014

Tel Aviv Court Rejects Siemens’ Request To Move IEC Bribery Case To Germany

– The Central District Court dismissed Siemens’ motion to move the IEC suit to Germany.– – The lawsuit by Israel Electric Corporation (IEC) (TASE: ELEC.B22) against Siemens AG (NYSE: More...

Ela Levy Weinrib On Thursday, March 27th, 2014

Waze Sued Over Alleged Software Theft for $150 million

– The petitioner alleges that Waze is based on the Freemap Israel community project. – (L-R) Noam-Bardin and Uri Levine WAZE – After the huge exit by Waze comes the big lawsuit. An accountant, More...

Ela Levy Weinrib On Friday, February 21st, 2014

Israel Considers Bill For Sharing Data With Tax Havens

– A new bill will allow the Tax Authority to share information with tax haven countries. – A government bill has been submitted to the Knesset to amend the Income Tax Ordinance, adding a chapter More...

Ela Levy Weinrib On Thursday, February 6th, 2014

Israel To Exchange Bank Account Data With US

– Israeli Tax Authority head Moshe Asher says a decision is being made to exchange bank account data between Israel and the US. – – “The trend at the banks to examine the accounts of More...

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