Israel’s recent budget had something for everyone. There was a 1% hike in VAT, the cruellest but most efficient tax, that in its stark regressiveness hurts the poorest most. The freezing of progressive income tax rates along with national insurance tweaking has more than tickled the underbelly of the employed masses and shopkeepers of the…
Israel’s legislators and its tax authority currently have enough on their plates handling the war economy to justify some light-headedness when it comes to answering the demands of an ill-timed audit by the tax-wallahs of the OECD. That august organization is now threatening Israel (who isn’t?) with the naughty step. The misdemeanour – our system…
Mass hysteria is not a concept normally associated with the local tax community, but the hype in recent months around an impending change in partnership tax law is having its effect. The situation is analogous to a hot air balloon, into which hot air continues to be injected until, eventually, the balloon leaves the ground…
A few years after the Good Friday Agreement, I found myself driving along the Irish border. Now, as a non-reconstructed Englishman would expect to find in Ireland, the road snaked drunkenly in and out of each of the United Kingdom and Republic of Eire (fortunately no other countries were involved, probably because there was…
Tax Break 