What is an IRA? IRA (individual taxation Retirement Account) is alike to a ‘Kupat Gemel’ in Israel, both of which are a retirement savings account where funds are managed by the account holder. It is a popular pension plan that originated in the U.S., but IRAs also exist in Israel. The plan benefits the owner- […]
The difference between inheritance tax and estate tax- what’s important to know? Although inheritance tax and estate tax are often thought to be the same, they differ significantly in how they are applied. Inheritance tax applies to the heir or beneficiary once the inheritance has reached them, whereas estate tax applies directly to the assets
Purchasing of a loss-making company for tax offsetting Recently the Naawi case ruling brought back into discussion the longstanding issue of offsetting acquired losses or, more specifically, accumulated losses in a company that was purchased. In our view, this case highlights the continuing need for a permanent solution through primary legislation on the purchasing of
