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Category: voluntary

  • 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…

  • Surge in voluntary liquidations sparks abuse of process concerns

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    Investor Empires

    The sharp increase in creditor voluntary liquidations has raised concerns about the potential for abuse of the process, which allows companies to get rid of their debts with minimal scrutiny. CVLs, where a company’s shareholders agree to wind up a business due to insolvency, have reached record levels, making them…

  • Tax Authority’s voluntary disclosure billions hit by red tape

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    Investor Empires

    In May, Israel Tax Authority Director Shai Aharonovitch announced that “within a few days” a new voluntary disclosure program would be published. The program will allow Israelis who have hidden their wealth from the state, and have not paid taxes accordingly, to report their assets and pay taxes without fear…

  • KCB sheds 362 jobs in voluntary early exit

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    Investor Empires

    KCB Group saw 362 of its employees accept the voluntary early retirement offer last year after the bank opened the programme at the request of its employees. Most of the voluntary exits were in the Kenyan operations, where 211 employees accepted the offer, including 100 employees at the bank’s subsidiary…