Israeli court quashes bid to stop FATCA enforcement

clock • 5 min read

Israel’s high court yesterday cancelled a temporary injunction and rejected a legal attempt to prevent Israel’s implementation of the US Foreign Account Tax Compliance Act, crushing the hopes of FATCA opponents around the world. According to reports out of Israel late on Monday night, the Israeli government agreed that individual taxpayers with concerns could be given at least 30 days to object to their inclusion on the registry that will ultimately provide tax information about holders of Israeli bank accounts to the US Internal Revenue Service, as FATCA requires. Apart from this, Is...

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