ארכיון Tax

July 14, 2019

Barnea Represented Bridgepoint in the Acquisition of Qualitest

Our firm represented the private equity group Bridgepoint in the acquisition of control in the Israeli software testing company Qualitest from Marlin Equity Partners for approx. USD 420 million.

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April 23, 2019

Bar Refaeli to Pay Taxes on Millions Earned Abroad

Following the ruling that Bar Refaeli must pay NIS 16 million in income tax, Adv. Harel Perlmutter, the head of our tax team, was interviewed by a popular radio program on 103FM. The Central District Court in Lod rejected yesterday the supermodel's appeal, which was filed following an Israel Tax Authority order that she pay taxes in Israel on millions of dollars in income earned abroad. Refaeli claimed that during the relevant years she spent only six months in Israel, and as a foreign resident, she did not owe any money to the tax authorities. Harel Perlmutter explained the definition of a country of residence, as the trial revolved around the question of whether Refaeli was domiciled in Israel in 2009 and 2010. He also clarified the difference between the civil case and pending criminal charges.

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December 25, 2018

A Lecture: Tax 101 for Startups

Adv. Harel Perlmutter lectured today at Ben-Gurion University on startup taxation. The lecture was part of a course for MBA students in the Faculty of Management.

December 19, 2018

ITA Sharpens Procedures in Wake of New Tax Circular

Adv. Micky Barnea was featured in a follow-up article in Globes about the Income Tax Authority's new circular that changes the tax policy relating to capital-based compensation dependent on performance. According to Barnea, "The new circular stipulates that options allocated under an approved plan, submitted lawfully to the Tax Authority, may be discovered on judgment day as not being entitled to reduced capital taxation."

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December 18, 2018

High-Tech Earthquake: Tax on Exercising Options for Employees Will Increase Upon Exit or Issue

Adv. Daniel Lorber, the head of our firm's Equity Incentives practice field, was interviewed by Globes on the Israel Tax Authority's latest decision. Instead of a capital gains tax rate of 25% on options granted to employees for exercise in the event of an exit or issue, the proceeds from such exercise will now be considered labor income, and therefore the tax liability may rise to 50%.

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November 25, 2018

Israel Threatens to Tax Airbnb for Delisting West Bank Rentals

Adv. Harel Perlmutter was interviewed by Bloomberg BNA following Airbnb's decision to remove listings in the West Bank.

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November 5, 2018

Tax Policy Could Undermine Israel’s IP Outreach

Adv. Anat Even-Chen was interviewed by Bloomberg BNA following the implementation of new rules regarding the licensing of IIA-funded know-how for use by multinational corporations outside of Israel.

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October 7, 2018

Israel Offers Fast Route to Restructuring in Nod to Startups

Adv. Harel Perlmutter, Head of the Tax Department, was interviewed by Bloomberg BNA following the Israel Tax Authority's announcement of a new "Green Route" to make it easier for Israeli entrepreneurs to transfer corporate assets abroad.

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May 22, 2018

Amazon Web Services VAT Policy in Israel Sets Global Precedent

Adv. Harel Perlmutter, Head of the Tax Department, was interviewed by Bloomberg BNA on the decision of Amazon Web Services’ to start collecting and remitting value-added tax in Israel.

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May 6, 2018

Israel Tax Authority demands NIS 156m from eBay

Adv. Harel Perlmutter was interviewed by Bloomberg BNA, following the reveal of eBay Inc. that the Israel Tax Authority is demanding NIS 156.6 million in additional taxes from the company for the 2010-2015 tax years.

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April 25, 2018

Hosting Taasiyeda Participants for Lecture on Startup Essentials

Our firm is hosting today the participants of Taasiyeda, an education program founded by the Manufacturers Association of Israel, for a seminar on founders' agreements, IP, and tax issues.

April 20, 2018

Spinoff May Trigger Tax Bill for Bezeq, Israel's Telecom Giant

Adv. Harel Perlmutter was interviewed by Bloomberg BNA on the possible governmental decision to force Bezeq Israeli Telecommunication Corp. to sell its infrastructure holdings in an effort to boost competition in the sector. This move may be considered a taxable event.

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April 15, 2018

Executive Compensation in Dual-Listed Israeli Companies

Adv. Micky Barnea, our Managing Partner, was interviewed by Globes on the topic of executive compensation policy in dual-listed Israeli companies.

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March 30, 2018

Israel Wants to Be First Country to Collect Tax Via Airbnb

Harel Perlmutter, Head of our Tax Department, was interviewed by Bloomberg BNA following the announcement of Israel's plans to tax Airbnb hosts directly through the service’s website.

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April 2, 2018

New Court Ruling Considers Tips Part of Waiter's Salary

Adv. Harel Perlmutter, Head of our Tax Department, was interviewed by Bloomberg BNA following a new labor court ruling. The ruling considers tips paid to waiters to be part of their salary, thus forcing employers to pay social benefits.

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February 20, 2018

What Is the Milchan Law? Interview with Harel Perlmutter

Harel Perlmutter, Head of our Tax Department, was interviewed by Bloomberg BNA in the wake of new publicity surrounding the Milchan Law. The law in question grants new immigrants and returning residents a 10-year tax exemption on income earned abroad.

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February 8, 2018

Israel Hopes Lower Taxes, Less Regulation Will Spur Trading Boom

Dr. Zvi Gabbay, Head of our Capital Markets Department, and Adv. Harel Perlmutter, Head of our Tax Department, were interviewed by Bloomberg BNA regarding the Tel Aviv Stock Exchange's intention to reduce red tape and ease regulations in order to further continue the growth in the number of new companies being traded on TASE.

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January 25, 2018

Israeli Tax Proposals for Blockchain, First Steps to Approval

Adv. Harel Perlmutter, the head of our Tax Department, was interviewed by Bloomberg BNA following the release of the Israel Tax Authority's new draft plan for taxing ICOs.

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December 27, 2017

Everything You Need to Know about ICOs

Barnea is hosting an ICOs and digital currencies event today. Dr. Zvi Gabbay will lecture on regulation opportunities and challenges, while Harel Perlmutter will discuss the taxation of cryptographic coins and the Tax Authority's position.

December 15, 2017

Israel Arrests Two for Tax Evasion Linked to Panama Papers Leak

Following the Panama Papers leak, Israeli authorities have arrested two Israelis on suspicion of evading millions of shekels in tax payments by using companies registered in offshore tax havens. Harel Perlmutter, a partner and head of Barnea's Tax Department, commented to Bloomberg BNA that even though many Israelis were named in the leaked documents, most of them appear to have been using the offshore havens for reasons other than tax evasion.

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