Israel: Tax haven for Jews

One possible reason for Israel’s attractiveness for some is the fact that in 2008, the law was amended to give new immigrants and returning Israelis who had left the country a 10-year tax exemption on income produced outside of Israel or generated from assets outside the country. The amendment also exempted them from reporting overseas income and assets. That’s no small attraction for someone seeking to bring black market assets into the country, but Israeli government authorities have no data on the extent to which such assets have been transferred here.

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US bill ‘dramatically strengthens’ Israel alliance

The US House of Representatives passed a bill on Wednesday that declares Israel a “major strategic partner” of the United States, reinforcing the broad relationship between the two nations and laying the groundwork for more expansive strategic cooperation.

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Microsoft, Israel agree to strategic cooperation Microsoft, Israel agree to strategic cooperationNovember 5, 2012JERUSALEM (JTA) — Israel and the Microsoft Corp. agreed to a strategic cooperation to advance computing technology. Microsoft CEO Steve Balmer met Monday in Israel with government officials, including Prime Minister Benjamin … Continue reading