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Category: authority

  • Israel Tax Authority set to publish voluntary disclosure plan

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    Investor Empires

    The new volunteer disclosure of the Israeli Tax Authority will not include an unknown path as in the previous programs, but it will include a “green” path to report the profit of encrypted currency that reaches hundreds of thousands of Chicles, without requesting discussions with an evaluation official. This is…

  • Tax Authority confirms higher vehicle tax rates for 2025

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    Investor Empires

    In line with the Ministry of Finance’s previous announcement, the Israel Tax Authority officially announced today that the purchase tax rate on electric vehicles will be 45% as of January instead of the current rate of 35%. At the same time, the maximum limit to which the tax benefit will…

  • Israel Tax Authority seeks to close cryptocurrency loopholes

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    Investor Empires

    For years, the Israeli Tax Authority has been trying to get its hands on the profits of Israelis active in the cryptocurrency market who are subject to tax in Israel. A week ago, a state comptroller report indicated that taxing these profits could generate annual revenues worth NIS 3 billion,…

  • State Comptroller: Tax Authority missed NIS 3b from crypto

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    Investor Empires

    Matanyahu Engelman blamed the IRS for not taking most of the necessary steps to improve its ability to collect taxes from cryptocurrencies, at a time when Israel’s debt burden is increasing due to the war. The state is not working effectively to access the billions of shekels invested in the…

  • State Comptroller: Tax Authority missed NIS 3b from crypto

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    Investor Empires

    Matanyahu Engelman blamed the IRS for not taking most of the necessary steps to improve its ability to collect taxes from cryptocurrencies, at a time when Israel’s debt burden is increasing due to the war. The state is not working effectively to access the billions of shekels invested in the…

  • Gov’t appoints Sharon Kedmi CEO of Israel Airports Authority

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    Investor Empires

    The authority has been without a permanent CEO for more than eighteen months, during the most testing period in Israeli aviation history. Today, the government approved the recommendation of Transportation Minister Miri Regev to appoint Sharon Kedmi as CEO of the Israel Airports Authority. Kedmi was selected for the position…

  • Crypto Transactions To Be Tracked By Kenya’s Tax Authority

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    Investor Empires

    The Kenya Revenue Authority (KRA) has announced its plan to transform its outdated system into a more efficient one as part of an overhaul of its tax system. The new system, powered by emerging technologies, is set to track cryptocurrency transactions in real time to combat tax evasion and promote…

  • Supreme Court Decision Overturns Chevron: A Victory for Judicial Authority and Bitcoin

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    Investor Empires

    In a landmark decision issued on June 28, 2024, the United States Supreme Court, by a vote of 6 to 3, struck down the long-standing ban. Chevron Doctrine, fundamentally reshapes the landscape of administrative law and judicial review. The case, Looper Bright Enterprises Inc. v. RaymondoThis decision marks a major…

  • Supreme Court Decision Overturns Chevron: A Victory for Judicial Authority and Bitcoin

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    Investor Empires

    In a landmark decision issued on June 28, 2024, the United States Supreme Court, by a vote of 6 to 3, struck down the long-standing ban. Chevron Doctrine, fundamentally reshapes the landscape of administrative law and judicial review. The case, Looper Bright Enterprises Inc. v. RaymondoThis decision marks a major…

  • Gov’t Cos Authority chief demands progress on IAI flotation

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    Investor Empires

    It has been almost four years since the Ministerial Privatization Committee decided to float Israel Aerospace Industries (IAI) shares on the Tel Aviv Stock Exchange, but for all investors’ desire to buy high-quality defense stocks, the move, which was supposed to result in an injection of billions… Shekels to the…

  • Biden vetoes bill aiming to ‘undercut’ SEC crypto authority

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    Investor Empires

    US President Joe Biden has vetoed a bill aimed at repealing the Securities and Exchange Commission (SEC) circular that sets accounting standards for companies holding cryptocurrencies. In official letter “This reversal of the thoughtful judgment of SEC staff in this way threatens to undermine the SEC’s broader authorities over accounting…

  • Biden vetoes bill aiming to ‘undercut’ SEC crypto authority

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    Investor Empires

    US President Joe Biden has vetoed a bill aimed at repealing the Securities and Exchange Commission (SEC) circular that sets accounting standards for companies holding cryptocurrencies. In official letter “This reversal of the thoughtful judgment of SEC staff in this way threatens to undermine the SEC’s broader authorities over accounting…

  • Tax Authority chief heralds crypto disclosure, tech taxation reform

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    Investor Empires

    Yesterday, the Attorney General agreed to publish a new voluntary disclosure procedure that will enable Israelis who have so far hidden their wealth from the state and not paid taxes to file a report and pay the tax they owe without fear of criminal proceedings. This measure is especially suitable…

  • Competition Authority summons Victory CEO to hearing

    Competition Authority summons Victory CEO to hearing

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    bitlyfool

    Eyal Ravid, owner and CEO of the department store chain, allegedly made public statements about price hikes in violation of competition law. The Israel Competition Authority has summoned CEO and owner of the Victory department store chain (TASE: VCTR) Eyal Ravid for a pre-charge hearing on suspicion of making public…