Earlier this week, Greenberg Traurig’s Tel Aviv office hosted representatives from Israel’s leading financial institutions for a morning seminar on the Practical Aspects of Open Application Program (API) Interface in Europe following the EU Payment Services Directive 2 (PSD2) which went into effect earlier this month. The seminar was hosted in cooperation with international policy
financial institutions
Just Before the New Jewish Year: U.S. FATCA Information Exchange Goes into Effect in Israel at the End of September
By Barbara T. Kaplan & Pallav Raghuvanshi on
Come the end of September 2016, the Israeli Tax Authority will start forwarding data collected on U.S. citizens and green card holders with financial accounts in Israel to the U.S. Internal Revenue Service (IRS).
This transferring of information is part of FATCA (the U.S. Foreign Account Tax Compliance Act of 2010), based on an agreement…