Bank of Israel: Gemachim Need Not Report Up to $50 Million to IRS – The Jewish Press

Finance Committee Chairman MK Moshe Gafni

According to Globes, which got hold of a draft circular sent out recently by the Bank of Israel, said draft recommends several ways in which a provident fund (gemach, Gmilut Chessed in Hebrew) can be exempt from reporting to the

FULL ARTICLE http://www.jewishpress.com/news/jewish-news/bank-of-israel-gemachim-need-not-report-up-to-50-million-to-irs/2017/06/26/

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