Entries tagged “Tax Amnesty”
Insight August 12, 2015
The world is getting smaller and it is getting harder to leave a pile of money in a far off corner unnoticed and untaxed. That is thanks to overlapping initiatives of the Unit ed States (FATCA), the Israeli Tax Authority, the Bank of Israel (directive to Israeli banks to check deposits are taxed) and the OECD (common reporting standard). In parallel, the US, Israel and other countries are offering voluntary disclosure procedures , commonly known as amnesties.