Israel may still be a safe haven for Jews around the world, but it is no longer their tax shelter. Thanks to a new agreement signed on May 1, Israel will turn over to the U.S. Internal Revenue Service information on all American citizens holding accounts in Israeli banks. As a result, Americans trying to…
Like it or not — and who among us actually likes it — come April 15, you will need to have filed your 2013 income tax return with the Internal Revenue Service. Perhaps one way to feel better about the painful and often inconvenient process is to recognize that it has roots in the biblical…
Getty Images You can add the IRS to the long list of institutions, including public schools and corporations, that still haven’t caught up with the reality that women work now too. As Think Progress reports, married women who earn about the same as their husbands are hit with a big tax bill. And the more…
Profiles in democracy: The latest New York Times-CBS News poll indicates that voters are favoring Republicans over Democrats 42-to-39 in the upcoming midterm congressional elections. The reason? They’re angry at Democrats for failing to implement their agenda, which voters largely favor — including greater economic equality, higher minimum wage, abortion access, marriage equality, legalized pot,…
Israel will give Palestinian President Mahmoud Abbas’s administration around $100 million in tax revenues that had been withheld in retaliation for his statehood bid in the United Nations, Israeli officials said on Wednesday. They described the handover as a one-time deal, signalling rightist Israeli Prime Minister Benjamin Netanyahu had not formally scrapped sanctions that have…
In August 2011, a report by the Knesset’s Foreign Affairs and Defense Committee hailed the Palestinian Authority’s “comprehensive security coordination” with Israel in thwarting terrorist attacks — a judgment echoed in May 2012 by the chief of the Shin Bet, Israel’s domestic intelligence agency. “The security coordination with the P.A. is good,” Yoram Cohen told…
Former French screen goddess Brigitte Bardot on Friday threatened to follow Gerard Depardieu in asking for a Russian passport, in protest not at tax hikes, but at the treatment of two circus elephants. The animals, named Baby and Nepal and owned by a touring circus, are thought to be carrying tuberculosis and were ordered to…
Israel will withhold tax revenues from Palestinian President Mahmoud Abbas’s administration until March at least in response to his statehood campaign at the United Nations, Israel’s foreign minister said. Under interim peace deals, Israel collects some $100 million a month in duties on behalf of the Palestinian Authority (PA) in the occupied West Bank –…
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