Israel
Israeli court sides with Broadcom, concludes that business restructuring does not trigger tax
Jacky Houlie, of JH & Co. Law Office, and Shlomo Hubscher, of JH Consulting Ltd, discuss a landmark decision of Israel’s Lod District Court, released last week, which rejected the tax authorities’ position on the classification of Broadcom Israel’s business restructuring from a tax and transfer pricing perspective . . .
Israel Supreme Court rules stock-based compensation must be added to cost base for transfer pricing
Shlomo Hubscher and Jacky Houlie of JH & Co. Law Office analyze an April 22 Israel Supreme Court decision which concluded that companies that use the cost plus transfer pricing method must include stock-based compensation in the cost base, thus increasing the taxes paid by many multinational firms with research and development operations in Israel . . .
US-Israel FATCA agreement enters into force
The US Treasury has announced on its website that the US-Israel Model 1 FATCA intergovernmental agreement (IGA), signed by the countries on June 30, 2014, entered . . .
Canada, Israel sign tax treaty, text available
Switzerland consults on introducing automatic exchange of tax information with 22 countries
The Swiss government has today announced a consultation on commencing automatic exchange of information in tax matters with 22 countries, writes Davide Anghileri, a lecturer at the University of Lausanne . . .
Tax treaty requires Netherlands to extend fiscal unity regime to Dutch companies owned by foreign parent, court rules
Wiebe Dijkstra and Klaas Versteeg of De Brauw Blackstone Westbroek, Amsterdam, analyze a Dutch Court of Appeal decision which requires the Netherlands to extend its fiscal unity-regime to Dutch companies that have foreign parents resident in Israel or resident in countries that have a tax treaty with a nondiscrimination clause similar to that in the Netherlands/Israel tax treaty. . .
Israel’s new deemed distribution rules – a trap for the unwary multinational taxpayer
Yuval Navot and Ronen Avner of Herzog Fox & Neeman, Tel Aviv, analyze a tax department circular, published August 23, which interprets new Israeli deemed distribution rules in a draconian manner, making it required reading for multinational taxpayers operating in Israel that extend intercompany loans or guarantees . . .