Category: Finance

The Israel Tax Authority (ITA) issued Circular 1/23 on August 17 (backdated to February 12), regarding the process for requesting a bilateral agreement between the ITA and the tax authority of another country under a tax treaty. Israel has income-tax treaties with 61 countries, including the US, the UK, Australia, Canada, South Africa, and the […]

We explain how a $1 million life insurance policy can benefit the ones you care about the most. Do you think a million-dollar term life insurance policy sounds like too much insurance? As a Certified Financial Planner, I see underinsured people every day. What do I tell them? A million-dollar term life insurance policy might […]

When I became an accredited investor, I found myself among an elite group with the financial means and regulatory clearance to access investments that many couldn’t. This opened doors to exclusive realms like hedge funds, venture capital firms, specific investment funds, private equity funds, and more. Even though I had this “exclusive access” it took […]

Bank Leumi‘s app will be accessible in English as well as Hebrew starting next week. At the beginning of next week, a new version of the app will be available in the app store and will allow Bank Leumi customers to change the language settings in their app from Hebrew to English. This will make […]

The Consumer Price Index (CPI) for July 2023 experienced a modest increase of 0.3%, according to the most recent data from the Central Bureau of Statistics (CBS). Over the past year, the index has seen a notable surge of 3.3%. Although not a part of the CPI, housing prices also revealed interesting dynamics, with a […]

From its humble beginnings in 2008 to today, Bitcoin’s history has been relatively short but very eventful. The original protocol for this popular digital currency was created in 2008 by Satoshi Nakamoto, believed to be a pseudonym for an unknown developer or group of developers.  Nakamoto launched the Bitcoin network just a year later and […]

As of May 2023, the average nominal wage across the economy stood at approximately NIS 12,440, according to data provided by the Central Bureau of Statistics (CBS), representing a notable 6.2% increase when compared to May 2022. The annual growth rate of the nominal wage, analyzed on a seasonal basis using the quarterly average change […]

Passive income refers to earnings derived from an enterprise in which a person is not actively involved on a daily basis. Unlike active income, where earnings are directly linked to the amount of work performed, passive income flows whether you are working, sleeping, or vacationing. As Robert Kiyosaki (2017) explains in his best-selling book “Rich […]

In just a few days, I’ll celebrate 31 years of living in Israel! As I’ve mentioned many times, I came straight out of university and landed here with nothing other than a suitcase and some books. While it wasn’t easy at first and it took a bit of time to land a stable job, I […]

The long awaited renewal of tax breaks for investors in start-ups has been enacted (Law for the Encouragement of Technology Industry (Temporary Provisions) 2023 – Book of Laws 3071, July 31, 2023). Will it save the Israeli tech sector now in the doldrums? Below is a short summary of the latest law, nicknamed the Angels […]