Tzally Greenberg’s Post

The #TaxAuthority targets the '#walletcompanies' (companies founded by individuals such as doctors, managers, etc. and being used for personal use as 'wallets' to its #owners). It aims to 'free' the #profits that are locked up in those #companies and aren't distributed as #dividends to its #shareholders in order not to pay the tax imposed on them. This #undistributedprofits prevents payment of about 2.5 billion in #taxes a year. The latter serves, in practice, as the owners #investmenttool in the #capitalmarkets, obtaining #compoundinterest on the expense of the #generalpublic (taxes are the public's #money), while we have to absorb the deficiencies in our #publicservices on which we rely on. In order to release this locked profits quickly, the Tax Authority intends to offer a benefit that will, once again, benefit the #rich, and provokes a discussion about its nature: https://lnkd.in/e-qFk4Jq (For the English version - Just use #GoogleTranslation) Thanks to Yaron Gindi, #President of the Chamber of #TaxConsultants in #Israel and #CPA Eduard Kofman for sharing their #insights and #knowledge. רשות המסים בישראל Israel Tax Authority #Taxbenefits #taxcollection #taxpolicy #publicexpenditures #staterevenues #Economy #EconomyInsights #Economy2024 #2024Insights

We were pleased to have taken part in the Dun’s 100 Leaders in Law Forum on Taxation. At the forum, Ms. Anat Shavit, partner and Head of FISCHER’s Tax practice, addressed the topic of promoting foreign investment in Israel. In her words, “In light of global antisemitism which revealed its extent since the war began, it is important to understand that there is a large market for investment in Israel, and that the state must make efforts not to drive investors away. For example, the war in Ukraine led to substantial investments intended for Israel being blocked by the banking system. It is necessary to utilize the interest of foreign investors to bring capital to Israel as a vital part of promoting economic growth.” To read the full article - https://lnkd.in/e4Js-8sC

VAT on banking services? At the sidelines of Kazakhstan Growth Forum commented on tax authorities’ proposal to introduce VAT on banking services. At the moment Kazakhstan is the leader in the region in terms of the availability and cost of financial services. I believe that introduction of VAT would negatively affect it and goes against efforts of the government to fight shadow economy and cash transactions. I understand that the imminent issue is the budget deficit and to increase tax payments/collection, however all potential impacts on economy should be considered before going forward with this. The fee income based services which are being targeted at are not the main source of income for the banks if you delve into the income structure. Upd. As a solution the windfall tax would be more appropriate during the high interest rate periods. Some european countries such as Italy already introduced it.

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You’ve got Corporate tax credit questions and RDP can get you the answers.

Avoid Common ITIN Application Errors Use a Physical Address: Ensure your application includes a valid physical address. Submit Required Documents: Provide a certified passport copy, EIN letter, articles of organization, and your home country address. Passport Copy Certification: A colored copy of your passport is generally required with attestation from the US embassy. However, if you apply through a Certified Acceptance Agent (CAA) or Acceptance Agent (AA), they can certify it themselves, eliminating the need for embassy attestation. Best, Aneeq #ITINApplication #TaxTips #IRS #Consultisor #TaxServices #FinancialAdvice #ITIN #TaxpayerID #ITINServices

𝐒𝐩𝐚𝐢𝐧 𝐚𝐧𝐝 𝐂𝐲𝐩𝐫𝐮𝐬: 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 & 𝐓𝐚𝐱 | 𝐀 𝐂𝐨𝐦𝐩𝐚𝐫𝐚𝐭𝐢𝐯𝐞 𝐆𝐮𝐢𝐝𝐞 👉 The article “Spain and Cyprus: Business and Tax | A Comparative Guide” provides a detailed overview of the advantages of Cyprus for entrepreneurs and individuals, including 𝐚 𝐜𝐨𝐦𝐩𝐚𝐫𝐚𝐭𝐢𝐯𝐞 𝐠𝐮𝐢𝐝𝐞 𝐨𝐧 𝐭𝐚𝐱𝐞𝐬 𝐢𝐧 𝐛𝐨𝐭𝐡 𝐒𝐩𝐚𝐢𝐧 𝐚𝐧𝐝 𝐂𝐲𝐩𝐫𝐮𝐬. #spain #cyprus #business #tac #corporatetax #incometax https://lnkd.in/dKqSU9eM

Navigate the complexities of VAT effortlessly in the UAE with our expert consultancy services. Let us lighten your tax burden and pave the way for your financial success

When it comes to taxes, what do savvy investors do that sets them apart? They make sure to learn every tax strategy and “hidden” opportunity before important deadlines. Discover 5 IMMEDIATE opportunities to lower your taxes before you file with this FREE guide. #education #veterans #linkedinmilcity #uthealth #utsa #uttexas #utaustin #tamu #3mer #tiaa #christus #swri #smu

Confused about the difference between filers and non-filers in Pakistan? 🤔 Understand how your tax status can impact your financial life! 📊 Check out this guide to make informed decisions and stay on top of your taxes. 💡💰 https://lnkd.in/dPtr9jUx #HelloSalam #TaxTips #FilersVsNonFilers #FinanceMatters #TaxAwareness #PakistanEconomy