Daily Israel Report
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News Brief

  5/1/2014, Iyar 1, 5774

US, Israeli Tax Authorities Come to an Agreement


Israel and the United States’s treasuries have formulated an agreement regarding the implementation of the FATCA (Foreign Accounts Tax Compliance Act) guidelines for the amelioration of tax enforcement.

The agreement will regulate the transfer of information to the United States Tax Authority via Israel’s Tax Authority who will receive the information from Israeli financial bodies. The information given over will include details of financial accounts held in Israel by American citizens, Green Card Holders, and the like.