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Bank of Israel: Gemachim Need Not Report Up to $50 Million to IRS

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.

Israel Supreme Court Temporarily Blocks State From Transferring FATCA Info to IRS

Ex-pat Americans faced with reporting all of their financial and personal banking information may still have some privacy.

Bolshevik-Like Israel Media Hide Good Economic News

The Consumer Price Index sank last month, but the anti-Bibi media buried the news so it won't help Netanyahu.

Israel Bank Pays US $400 Million for Ripping Off IRS

Bank Leumi’s admission is the first time an Israel bank has confessed to helping U.S. customers evade taxes.

Killing Cash

The Israeli government has hopes to put the kabash on cash transactions starting in fiscal 2015 budget.

Israel, U.S. Reach Agreement on IRS Regs for Dual Citizens

The Israel Tax Authority has reached agreement with the U.S. to coordinate info between the IRS and Israeli banks.

Why Do Some Banks Do Better Than Others?

Stable banking systems: by design or by default?

Bank of Israel Orders 50 Percent Cut in Bank Fees

The Bank of Israel ordered on Monday a 50 percent cut in fees Israel’s banks charge customers’ checking accounts. The banks make money, piles of...

US Customers Withdraw $4 Billion from 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...

Life, Banks, and the Future (Podcast)

An interview with Anat Admati, author of The Bankers’ New Clothes and professor of economics at Standford University.

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Printed from: http://www.jewishpress.com/news/jewish-news/bank-of-israel-gemachim-need-not-report-up-to-50-million-to-irs/2017/06/26/

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