Regulation, Risk & Compliance
Tax
Uncategorized
Wealth and Asset Management
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. Trust settlors face an array of decisions, some with deadlines as early as year-end. Until 2014, Israel generally exempted from its income tax any trust that had been created by…
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