Offshore Spotlight Turns on Israel
August 17th, 2009
Globes Online, an Israeli business publication, has an article today detailing how the US crackdown on offshore tax evasion has reached Israel:
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The war that US President Barack Obama is waging against concealment of assets and tax evasion, and the legislation against tax havens that he has been promoting, is extending beyond the borders of the US and liable to affect people who hold accounts at banks in Israel. Under us regulations, a US citizen who fails to report by the end of September 2009 any account worth more than $10,000 held in a non-US...