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The pressure applied by Knesset Finance Committee Chairman MK Moshe Gafni has worked, and The Bank of Israel has instructed the banks on granting exemptions to Gemachim from reporting to the US authorities to comply with the FATCA agreement.
Ex-pat Americans faced with reporting all of their financial and personal banking information may still have some privacy.
The Consumer Price Index sank last month, but the anti-Bibi media buried the news so it won't help Netanyahu.
Bank Leumi’s admission is the first time an Israel bank has confessed to helping U.S. customers evade taxes.
The Israel Tax Authority has reached agreement with the U.S. to coordinate info between the IRS and Israeli banks.
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...