Banking & Finance

"I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress," –Ronald Reagan

YOUR TAXES: The MLI deals with income taxation, which is referred to as direct taxation. On top of that, most countries have indirect taxes, such as VAT or GST.

Rewire by Remitly eliminates fees for money transfers from Israel to 130+ countries, making international remittances more affordable for migrant workers and students.

Don’t expect a secure retirement if you don’t save.

As part of the 2025 budget tax package, the Knesset passed an amendment that expands and increases what is sometimes known as the “Rich Man’s Tax” on high-income taxpayers.

The SPAC, headed by Izhar Shay and Ziv Elul, has announced a merger with Israeli company Gadfin.

"Growth in Israel is relatively high and the deficit is expected to decline and is significantly lower than most of the Western world," said Mizrahi Tefahot regional financial advisor David Shelly.

Bank of America published a forecast about the Israeli currency. The bank's analysts expect the shekel to continue to strengthen if the ceasefire agreements are fully implemented.

Bank Yahav charges the lowest fees for transactional services, while Mizrahi-Tefahot charges the highest.

Your taxes: Israel is an OECD member but is not a covered jurisdiction for Amount B purposes. So the Israeli Tax Authority may not accept Amount B calculations from Israeli importers and exporters.