Bank Leumi Said to Be Near $400 Million US Tax Settlement
Bank Leumi Le Israel (LUMI) BM is close to a $400 million settlement of federal and state investigations into whether…
Tax
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Turkey to build tax-free industrial zone in West Bank
Turkey is going to establish an organized industrial zone in the Palestinian city of Jenin in the West Bank, according…
Israeli Beneficiaries Subject to New Tax
For the first time, U.S. (and other) foreign trusts with Israeli beneficiaries will be liable for a substantial income tax.…
Israel’s Bank Leumi Boosts Provisions for U.S. Tax Probe
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s…
Bahrain offers one of the GCC's lowest operating cost environments for the financial services sector
A new report released by KPMG concludes that Bahrain has one of the lowest costs of operating a financial services…
Paying Taxes 2015: The global picture
Download report Paying Taxes 2015: The global picture Paying Taxes 2015 is a unique study from PwC and the World…
Taxpayers From U.K. to Korea Take on Risk to Help Dubai’s Growth
When travelers breeze though Dubai’s expanded Al Maktoum International Airport in a few years, they’ll probably have the British taxpayer…
Taxpayers From U.K. to Korea Take On Risk to Build Up Dubai
When travelers breeze though Dubai’s expanded Al Maktoum International Airport in a few years, they’ll probably have the British taxpayer…
RAK Free Zone Commits To Share Tax Info
The Ministry of Finance of the United Arab Emirates (UAE) announced that it recently signed a memorandum of understanding (MoU)…
Service tax ‘to have no impact’ on remittances
The recently introduced service tax on remittance fee is unlikely to have an impact on foreign exchange inflow from non-resident…
Tax data demand risk to bank secrecy
A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a…
Compliance With FATCA ‘Inevitable,’ Says Withers
Compliancy inevitably and absolutely the first step’ with regards to the US Foreign Account Tax Compliance Act (FATCA), stated Kristin…