Tablet Magazine » tax law http://www.tabletmag.com A New Read on Jewish Life Thu, 09 Feb 2012 22:43:29 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Israel’s Tax Law Brings Billionaire Home http://www.tabletmag.com/scroll/18251/israel%e2%80%99s-tax-law-brings-billionaire-home/?utm_source=rss&utm_medium=rss&utm_campaign=israel%e2%80%99s-tax-law-brings-billionaire-home http://www.tabletmag.com/scroll/18251/israel%e2%80%99s-tax-law-brings-billionaire-home/#comments Tue, 13 Oct 2009 18:00:38 +0000 Sara Ivry http://www.tabletmag.com/?p=18251 Hoping to ignite a new wave of immigration, Israel changed its tax laws nearly a year ago, offering potential new arrivals, as well as those who’d left the country but are considering a return, a big break. According to the new rules, newcomers would pay no taxes on any foreign income for 10 years following their relocation. Now comes the news, via Globes, an Israeli business magazine, that fertilizer company scion-turned-movie mogul Arnon Milchan is taking advantage of the generous benefits and moving back to Israel. A producer on movies good (The King of Comedy) and less good (Marly & Me), Milchan was estimated to be worth $2 billion by Forbes in March. Who knows how much that’ll change once Alvin and the Chipmunks: The Squeakquel is released later this year, and how much tax revenue Israel will have then forfeited in its effort to reclaim a native son.

Arnon Milchan Moving Back to Israel [Globes]

]]> http://www.tabletmag.com/scroll/18251/israel%e2%80%99s-tax-law-brings-billionaire-home/feed/ 3 Location, Location, Tax Breaks http://www.tabletmag.com/scroll/13725/location-location-tax-breaks/?utm_source=rss&utm_medium=rss&utm_campaign=location-location-tax-breaks http://www.tabletmag.com/scroll/13725/location-location-tax-breaks/#comments Tue, 18 Aug 2009 14:59:16 +0000 Ilya Khodosh http://www.tabletmag.com/?p=13725 Looking to take advantage of the downturn to make some savvy—and discounted—real-estate investments? Well, the luxury apartment of your dreams could be waiting for you in the Holy Land. A so-called Luxury Real Estate & Investments Exhibition in Tel Aviv last weekend was well attended, according to a report in Globes Online (which, despite sounding like a porn site, isn’t), with Israelis and Diaspora Jews alike taking breaks from the beach to express interest in pieds-à-terres in Jerusalem, Tel Aviv, and other Israeli cities. “Americans and Europeans have calmed down and believe that the situation cannot get any worse,” proclaimed Israeli real-estate marketr Shelly Levine (who, we presume, is a different real-estate marketer than the crooked one in Glengarry Glen Ross). “As far as they’re concerned, over the years, Jerusalem as is a good investment location as New York.” Another real-estate macher, Dalia Schuster, also said that Israelis who’d moved away are returning, thanks to tax incentives. “For a Jew,” she said, “it’s cheaper and easier to live here.”

Diaspora Jews Return to Israeli Real-Estate Market [Globes Online]

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