Tax data sharing sparks arrests among Israelis with unreported foreign bank accounts

Pedro Gonçalves
clock
Tax data sharing sparks arrests among Israelis with unreported foreign bank accounts

The exchange of information on millions of financial accounts shared between countries under the Common Reporting Standard (CRS) is is leading to more investigations and arrests in Israel. The Israeli Tax Authority has arrested two Israelis after it received information they had ILS 77m in unreported bank accounts held abroad. This following a large number of other recent arrests based on data obtained under the CRS. The two were arrested as part of two different investigations conducte...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login