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People who own and lease up to five private housing units are likely to be entitled to a reduced rate of 10 percent taxes, because fewer than five housing units is considered “passive income” under the new rules.
"The project that we are dedicating today is an example of small things leading to a big change. We have many plans for continued economic cooperation with the Palestinian Authority."
Because of the difficulty in delivering a real political achievement, the Americans have turned to the path of economic empowerment.
The Hebron based importer, a citizen of the Palestinian Authority, refuses to cooperate with Ashdod Customs.
Ex-pat Americans faced with reporting all of their financial and personal banking information may still have some privacy.
Israel's Tax Authority, like the IRS, is hunting citizens' foreign assets.
The Israel Tax Authority has reached agreement with the U.S. to coordinate info between the IRS and Israeli banks.