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“A billion here, a billion there, pretty soon it adds up to real money.”
Israel received data on more than 35,000 Israeli-held accounts in US financial institutions.
As of Sunday morning there are no assessment hearings, and for several weeks no taxation abroad is being certified, no tax withholding on transactions in Israel, and 7,000 real estate transactions are delayed.
Governments increase income with taxes; individuals need other ways to generate wealth. Doug discusses how to invest when markets hit rock bottom and investment strategies to achieve long-term goals.
Based on the tax collection bonanza, it appears government could go on a mad spending spree, especially on security, and still end up with only a 2% of GNP deficit.
"The national government is returning Judea and Samara to the settlement map. There's a long way to go, but this is a step in the right direction."
The committee also succeeded in repelling the Israeli tax authority, which wanted initially to be able to use information gathered by Israeli banks for the IRS.
Using the US' enormous economic clout, FATCA bullies the world's financial institutions into reporting on their American clients to Uncle Sam.
FATCA (Foreign Account Tax Compliance Act) restrictions are unfair to law-abiding U.S. expats. Did FATCA lower the value of U.S. citizenship?
Israel's sales and corporate taxes will be cut in order to spur a sluggish economy.
“Hamas rockets have failed to eliminate our farms, but the state’s fines may do it,” say the farmers.
A cyber security breach into the IRS computer system has been traced back to Russia. Cost; $50 million-plus.
V15 is barred from attempting to achieve its stated goals: defeat Bibi and create a Palestinian State.
Israeli tax official surprised Lulav and Etrog street vendors around the country on Monday.
Teva, the world leader in generic medication will be soon be launching a generic version of Pfizer's Viagra in the UK and Europe. Pfizer's Viagra...
After repeatedly denying it was targeting conservative groups for unfair treatment, the IRS admitted it was treating politically conservative groups in inappropriate ways.
Rep. Sander Levin (D-Mich.) preserved his top slot on the tax-writing Ways and Means Committee, as did Rep. Henry Waxman (D-Calif.) on the Energy...
As a financial adviser I notice that certain money mistakes are very commonplace. Are you making these kinds of errors that can destroy a fortune? Instead of learning from your own mistakes, try learning from other people’s mistakes. Here is a list of some of the most common mistakes in financial planning.
In his Sunday interview with CBS 60 Minutes, President Barack Obama referred to Prime Minister Netanyahu's relentless pressure regarding the Iranian nuclear threat as "noise" that must be ignored in order for the president to be able to focus on American interests. He also referred to Israel as "one of our closest allies in the region." That's two snubs in one interview (Remember when we used to be THE closest ally?).
Being forced to pay taxes does not make us more virtuous people. If it did, our founding fathers would have thanked George III for his coercion.