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Tax

Being able to advise across the whole spectrum of tax issues is a must for a leading commercial law firm which operates on a local and international level. Such firm should be as comfortable acting outside Israel as it is inside and as attuned to the needs of a foreign investor as it is to a local one.

We advise on the tax aspects of domestic and international transactions. We provide international tax planning that takes into account the impact of local and foreign income tax laws, international tax treaties, VAT or other indirect taxes. We represent clients before the Israel Tax Authority or in court. We are also experts on the tax implications of relocation for senior staff in international organizations, moving to or from Israel.

 

We collaborate with our commercial department to ensure the most tax and commercially efficient ways to effect any merger or acquisition, re-structuring, re-financing, or capital market transaction. We act for private clients too in relation to family wealth, particularly taxation of trusts and real estate.

 

Our experienced team serves a diverse client base, including leading private and publicly traded companies, global enterprises and foreign investors, venture capital funds and more.

News and updates - Tax:


December 9, 2020

Harel Perlmutter Op-Ed: Recognize Childcare Expenses for Tax Purposes

Harel Perlmutter, the head of our Tax Department, has published an op-ed in Globes on the importance of recognizing childcare expenses for tax purposes, particularly now during the coronavirus period.

November 17, 2020

Haifa District Court: Repurchasing of Shares Is Not a Tax Event for Remaining Shareholders

In a bold step, the Haifa District Court rejected the Israel Tax Authority’s position on a company’s repurchasing of shares, and in effect split with a ruling of the Tel Aviv District Court, who considered a similar issue several years ago.

October 15, 2020

Cayman Islands Removed from EU “Non-Cooperative Tax Jurisdiction” Blacklist

In late March 2020 we published a note regarding the de-facto “downgrade” of the Cayman Islands by the European Union’s Economic and Financial Affairs Council (ECOFIN) as a “non-cooperative jurisdiction” for tax purposes. This was regarded by the international investment community as a “blacklisting” of the Cayman Islands. We noted then that this blacklisting was “a technical result of the delay in the enactment of [certain Cayman Islands] laws, and therefore it is expected the EU will agree to return the Cayman Islands to its previous status and remove it from the list of the list of “non-cooperative jurisdictions” as early as by October 2020.”  Indeed on October 6, 2020, ECOFIN removed the Cayman Islands from its “blacklist” of non-cooperative jurisdictions in tax matters.

Tax

Being able to advise across the whole spectrum of tax issues is a must for a leading commercial law firm which operates on a local and international level. Such firm should be as comfortable acting outside Israel as it is inside and as attuned to the needs of a foreign investor as it is to a local one.

We advise on the tax aspects of domestic and international transactions. We provide international tax planning that takes into account the impact of local and foreign income tax laws, international tax treaties, VAT or other indirect taxes. We represent clients before the Israel Tax Authority or in court. We are also experts on the tax implications of relocation for senior staff in international organizations, moving to or from Israel.

 

We collaborate with our commercial department to ensure the most tax and commercially efficient ways to effect any merger or acquisition, re-structuring, re-financing, or capital market transaction. We act for private clients too in relation to family wealth, particularly taxation of trusts and real estate.

 

Our experienced team serves a diverse client base, including leading private and publicly traded companies, global enterprises and foreign investors, venture capital funds and more.

News and updates - Tax:


December 9, 2020

Harel Perlmutter Op-Ed: Recognize Childcare Expenses for Tax Purposes

Harel Perlmutter, the head of our Tax Department, has published an op-ed in Globes on the importance of recognizing childcare expenses for tax purposes, particularly now during the coronavirus period.

November 17, 2020

Haifa District Court: Repurchasing of Shares Is Not a Tax Event for Remaining Shareholders

In a bold step, the Haifa District Court rejected the Israel Tax Authority’s position on a company’s repurchasing of shares, and in effect split with a ruling of the Tel Aviv District Court, who considered a similar issue several years ago.

October 15, 2020

Cayman Islands Removed from EU “Non-Cooperative Tax Jurisdiction” Blacklist

In late March 2020 we published a note regarding the de-facto “downgrade” of the Cayman Islands by the European Union’s Economic and Financial Affairs Council (ECOFIN) as a “non-cooperative jurisdiction” for tax purposes. This was regarded by the international investment community as a “blacklisting” of the Cayman Islands. We noted then that this blacklisting was “a technical result of the delay in the enactment of [certain Cayman Islands] laws, and therefore it is expected the EU will agree to return the Cayman Islands to its previous status and remove it from the list of the list of “non-cooperative jurisdictions” as early as by October 2020.”  Indeed on October 6, 2020, ECOFIN removed the Cayman Islands from its “blacklist” of non-cooperative jurisdictions in tax matters.

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