A recent court ruling in the Shalam Packaging Products Group case addressed claims made by the Netanya tax assessor. The assessor argued the group executed a restructuring solely to reduce its tax liabilities by offsetting...more
6/17/2024
/ Business Losses ,
Business Taxes ,
Capital Gains ,
Debt Restructuring ,
Insurance Claims ,
Parent Corporation ,
Property Damage ,
Shareholders ,
Subsidiaries ,
Tax Assessment ,
Tax Liability ,
Tax Planning
The district court recently ruled that when determining a business’s correct reporting method to the Israel Tax Authority (ITA)—on an accrual or a cash basis—it is insufficient to examine the technical question of a...more