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Israel received data on more than 35,000 Israeli-held accounts in US financial institutions.
Do you really think Israel will jeopardize its relationship with the United States to protect information about Americans’ accounts here that those Americans are supposed to be reporting to the IRS anyway?
Ex-pat Americans faced with reporting all of their financial and personal banking information may still have some privacy.
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...