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Israel Grapples with High Cost of Living as Citizens Grumble over Rising Prices

“Reduce all the tariffs, all the quotas and all the NTBs—they are adding 40% to 80% to the cost of most products,” said Elise Brezis, professor of economics at Bar-Ilan University and director of the Azrieli Center for Economic Policy. “That’s the first thing the government has to do. When they do that, then there will be a big change. The rest is commentary.”

Israel State Comptroller Report: Tax Authority Owes Public Billions in Refunds, Housing Prices Jump...

Taxes, banking activities, and housing issues were some of the most glaring examples of problems in the State Comptroller’s annual report.

Netanyahu Slams Bennett’s New Budget, Calls it ‘Abbas Tax’

The Israeli government's new budget introduces a whole slew of new taxes on the recovering citizens.

Israel’s Government Taxes the Max on Gasoline, in Top Ten Worldwide

Israel is in first place for the highest taxes on gasoline in the world.

Kahlon To Cut Taxes After Passover

Finance Minister Moshe Kahlon said Thursday that he would cut income tax for “working couples” immediately after the Passover holiday.

Israel to Tax Electronic Cigarettes as Regular Cigarettes

The move came after a year-long struggle by the Israeli “Avir Naki” (“Smoke Free Israel” organization and Likud MK Yehuda Glick.

Unemployment Hits New Lows

“I wouldn't like to see a reality where a husband or wife gets up in the morning and they don’t have a job to go to," Kahlon said.

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.

This is What You Need to Know When Filing Taxes From Israel

Veteran U.S. accountant and tax advisor Philip Stein explains what your tax obligations are to the IRS as a U.S. citizen living abroad. Find out what you need to report.

Felder-Cusick Bill Foils City Council Efforts to Force Additional Taxes on New Yorkers

“I’ve been disgusted every time I’ve heard the absurd plastic bag tax legislation introduced.”

Trump’s Taxes

Actually, the public doesn’t appear to share the media’s obsession with the minutiae of a candidate’s tax returns...

No Taxation on US Investors Bill Sent to Committee

In order for the arrangement regarding the issuing of E-2 visas to Israeli citizens in the United States to go into effect, a similar arrangement must be applied in Israel regarding citizens of the United States.

PA Boycott May Boost Rami Levy Sales to Arabs

The PA plans to destroy Israeli products found in Arab-owned stores, but the Arab population will probably just buy them from Rami Levy instead.

Israel Freezes $127 Million in Taxes for PA in Retaliation for ICC Ploy

The question is will the Palestinian Authority evaporate because it has no raison d’etre or has no money.

Hamas Robs Bank of Palestine

Hamas claimed one of the bank's clients owed them taxes...

Lapid Won’t Let Defense Demands Turn Into ‘Turkish Bazaar’

Finance Minister Yair Lapid refuses to raise taxes and won't let defense budget demands turn into a 'Turkish bazaar.'

Rockets and Fighting Generate Financial Loss

Over 100 claims have been made so far as a result of damage caused by the rockets in the south, totaling at 10,000,000 NIS.

Report: Bank Leumi to Pay NIS 1 Billion in Fines to US for Suspected...

The US has been going after international banks who may have violated new money laundering laws.

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.

IRS Tax Regulations Prompt Olim to Revoke American Citizenship

A get-tough IRS policy on Americans living abroad has encouraged some Americans living abroad, including “olim” in Israel, to revoke their American citizenship, the...

Gas to Pump $60 Billion into Economy in 20 Years, Says Lapid

Israel’s new offshore gas industry will generate $60 billion in revenues in Israel over the next 20 years, Finance Minister and Yesh Atid party...

Legalizing Marijuana Would End Black Market, Says Israeli Study

Israel, like Canada and many states in the US, has one big reason to legalize marijuana: Money. Canada launches legal medical marijuana. Colorado and Washington have legalized it. Is Israel next?

Israel’s Tax Hikes Help Cure Smoking and Drinking

Want to stop smoking? Drink less alcohol? Ask your local government to raise taxes on cigarettes and liquor. It works wonders. Just ask Israelis.

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...

Death & Taxes: Welcome to Obamaland

Welcome to Obamaland, where death and taxes is no longer an ironic statement, but a grim reality.

Haredi Paper Equates Lapid and Hitler Speeches

Hitler wanted to exterminate Jews. Lapid only wants to exterminate the Haredi habit of not to work or serve in the IDF. That is enough for a Haredi columnist to compare Lapid’s and Hitler’s speeches.

Bill Clinton Tried to Block Israel’s Taxing Newly-Found Gas

Bill Clinton’s wealth is more than $55 million. He gets a double dividend as a paid energy lobbyist and being a “friend” of Israel by lobbying against the government’s taxing newly-found gas.

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