FATCA Reporting in Israel Begins

On September 12, 2016, the Israeli Supreme Court rejected a petition that was submitted against the implementation of the FATCA rules in Israel. The decision followed the enactment in August of new legislation which governs the implementation of the FATCA rules. The Supreme Court’s decision cleared the way for the automatic exchange of financial information under FATCA.

1. Background

The Foreign Account

FULL ARTICLE http://www.lexology.com/library/detail.aspx?g=1562400d-16c2-443f-b404-42886020a550


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