Financial services giant opens wealth office in Israel
It has hired a former UBS executive to run the operation
Israel
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US fines Israeli bank $195m for helping clients evade tax
‘When bank employees facilitate tax fraud, the bank facilitates tax fraud and will be held responsible’
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Israel tightens up residency rules with 7 conditions
The Israeli Tax Authority (ITA) has set out seven conditions for a recent immigrant to be regarded as an Israeli resident for tax purposes as part of a wider move to tighten the rules.
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US shares details of 35,000 accounts with Israel under Fatca
America’s Internal Revenue Service (IRS) has shared details of more than 35,000 US accounts held by Israeli citizens with the Israel Tax Authority (ITA), according to local media.
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Israel proves countries must innovate to accumulate
Rather than worry at a time of political change, I recently took a few days away from the screens to visit Israel for the first time, meeting innovative companies and soaking up the atmosphere.
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SEC fines Israeli bank for offering advice without a licence
Israel-based Bank Leumi will pay $1.6m (£1.3m, €1.45m) and admit wrongdoing to settle charges from the US Securities and Exchange Commission that it provided investment advice to US customers for over 10 years without registering as an investment adviser or broker-dealer.
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Israeli court rejects Fatca lawsuit
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
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Israel halts Fatca preparation following lawsuit
An Israeli judge has ordered that the state suspend work on the implementation of America’s foreign account tax compliance act (Fatca), a move welcomed by deVere Group chief executive Nigel Green.
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BlackRock launches first Israeli Ucits ETF
BlackRock has launched an exchange traded fund for European investors to invest directly in the national Israeli index. It is the first fund to offer direct exposure to the underlying constituents of this index.