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Yigal Arnon & Co

1 AZRIELI CENTRE, TEL AVIV 67021, ISRAEL
Tel:
Work +972 3 608 7777
Fax:
Fax +972 3 608 7724
Email:
Web:
www.arnon.co.il
Jerusalem, Tel Aviv, Tel Aviv
Yigal Arnon & Co, Ofir Levy, Tel Aviv, ISRAEL

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Ofir Levy

Tel:
Work +972 3 608 7850
Email:
Yigal Arnon & Co

Work Department

Tax, International Taxation of MNE's, Tax Litigation.

Position

Ofir Levy provides tax advisory services for Israeli and foreign clients, specializing in developing tax efficient transaction structures. Ofir also renders legal opinions and assists his clients in obtaining tax rulings and other tax arrangements with the Israeli Tax Authority (ITA). Ofir assists his clients from the planning and negotiating stage through the post-transaction tax planning stage including tax assessments, appeals and representation before the ITA and the Israeli courts.
 
Prior to joining Yigal Arnon & Co., Ofir was a partner and Head of the Tax Department at M. Seligman & Co. Law Firm.
 
In 2003-2010 Ofir worked with the Israeli State Revenue Administration in the Israeli Ministry of Finance and served as the Head of the International Taxation Department and as a Senior Professional Advisor to the State Revenue Director.
 
Ofir was consulted on pre-ruling matters and was involved in tax legislation regarding income tax, trusts, tax incentives for foreign residents, tax incentives for new immigrants, participation exemption, real estate taxation law, REITS, VAT, encouragement of capital investments and R&D, capital market, hedge funds and securitization.
 
Ofir managed the Israeli tax treaty team in international negotiations with tax authorities of various countries such as United States, UK, Germany and many others.
 
Ofir chaired the Israeli working group which was responsible for the tax aspects associated with the Israel accession to the OECD and was the first Israeli participant in the OECD working party on international taxation. He was also the first Israeli participant in the United Nations ECOSOC working group on business profits.
 
In 2000-2002 Ofir worked at the tax department of PWC Israel

Career

Ofir lectures in tax courses at the Law school and at the Business school of the College of Management and he is a member of the Advanced Study Committee in the Israeli CPA Institute.
 
Ofir joined the firm as a partner in 2011.

Languages

Ofir is fluent in Hebrew and English.

Member

Ofir was admitted to the Israel Bar in 2003 and was admitted to the Israeli Certified Public Accountants Institute in 2002.

Education

Ofir received his LLB (cum laude) at the College of Management in 2000 and B.A. in Accounting at the College of Management in 1999. Ofir received his M.A. in Business Administration (Finance) at Tel-Aviv University in 2007.

Ofir has graduated the Tax Inspectors Course of the Israel Tax Authority and International Taxation Seminars (Tax Avoidance and Evasion, Tax Treaties, Tax Negotiations) at the OECD training Centers in Vienna and Budapest.


Israel

Tax

Within: Tax

Yigal Arnon & Co has handled the cross-border tax aspects of many of Israel’s largest corporate transactions and serves as Israeli tax counsel to major US-listed companies and financial institutions. The team also has expertise in trust taxation, employee incentive schemes and tech transfers. Ofir Levy and Eran Lempert are key contacts.

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Legal Developments by:
Yigal Arnon & Co

  • Perhaps the QuadragaCX Story Will Have a Happy Ending

    While there are the aficionados who will say that cryptocurrencies will free us of the chains of the global financial institutions, on the occasions when the world of cryptocurrencies intersects with the world in which most of us live, the news is generally bleak. While you may not know one side of a Bitcoin from the other, you probably know that its value has crashed over the last 13 months, you may even have heard about some of some of the larger cryptohacks (that is computer heists through which digital currencies belonging to investors are stolen from crypto trading exchanges). And over the last week or so, you may have read on mainstream news sites about the death of Gerald Cotton the CEO of Canada’s largest cryptoexchange QuadragaCX. The death of the CEO of a company that few had previously heard of, was news of course, because in his passing he had taken the passwords to the accounts of his customers with him. The result of this being that about $140 million of their money was stuck somewhere between this world and the celestial ether in which Mr. Cotton now resides. Of course, it wasn’t quite told like that. We were fed terms such as “private keys,” lack of “multi-signature protection,” “cold storage wallets” and more readily understandable – “cryptofraud”. Again!
    - Yigal Arnon & Co

Legal Developments in Israel

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  • Perhaps the QuadragaCX Story Will Have a Happy Ending

    While there are the aficionados who will say that cryptocurrencies will free us of the chains of the global financial institutions, on the occasions when the world of cryptocurrencies intersects with the world in which most of us live, the news is generally bleak. While you may not know one side of a Bitcoin from the other, you probably know that its value has crashed over the last 13 months, you may even have heard about some of some of the larger cryptohacks (that is computer heists through which digital currencies belonging to investors are stolen from crypto trading exchanges). And over the last week or so, you may have read on mainstream news sites about the death of Gerald Cotton the CEO of Canada’s largest cryptoexchange QuadragaCX. The death of the CEO of a company that few had previously heard of, was news of course, because in his passing he had taken the passwords to the accounts of his customers with him. The result of this being that about $140 million of their money was stuck somewhere between this world and the celestial ether in which Mr. Cotton now resides. Of course, it wasn’t quite told like that. We were fed terms such as “private keys,” lack of “multi-signature protection,” “cold storage wallets” and more readily understandable – “cryptofraud”. Again!
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • Spring is coming for real estate registration in Israel

    Israel may be the “Start-up Nation” and a world-renowned center of technological innovation, yet for many years the procedures and conduct of the Israeli Land Registry have been trapped in the past.
  • PLATFORMS FOR HIGH NET WORTH INVESTORS IN ISRAELI HIGH-TECH

    Israeli hi-tech and its sources of funding have grown and diversified tremendously since the bubble burst in 2001 and over the last decade since the height of the financial crisis in 2007-2008.
  • NONDISCRIMINATION IN 5G STANDARDS

    Nondiscrimination has been the neglected stepchild of the FRAND commitment. Patent owners participating in standards organizations typically commit to license their technology on “fair, reasonable, and nondiscriminatory (“FRAND”) terms.”
  • Crash Course on Non-Disclosure Agreements

    Non-disclosure agreements are a crucial, but often overlooked, tool in allowing startup companies to grow, build strategic partnerships and explore new business relationships necessary to develop their product or bring it to market. These agreements are often short (sometimes only a page or two) and lead many founders to forego legal advice to get past this "formality" and begin working with the other party to the NDA. Yet, NDAs are important agreements with potentially far-reaching implications for the protection of a company's confidential information and intellectual property, and mishandling of NDAs can come back to haunt a startup years later.
  • Advocates Eli Greenbaum and Ezra Gross of Yigal Arnon & Co. in The Lawyer Special Report editorial

    An interview-style piece in The Lawyer, Law in Israel: moving beyond tech, quoting Eli Greenbaum and Ezra Gross:
  • Publication of Adv. Adrian Daniel's Commentary in Private Banker International on GDPR & Blockchain

    Publication of Adv. Adrian Daniel's Commentary in Private Banker International on GDPR & Blockchain.
  • Article in MEA Markets on GDPR & Israeli Law

    GDPR & ISRAELI PRIVACY LAW - KEY DIFFERENCES Yoheved Novogroder-Shoshan & Miriam Friedmann of Yigal Arnon & Co. outline the key differences between GDPR & Israeli Privacy Law.  mea_markets_-_gdpr__israeli_law_-_key_differences_14.05.2018
  • Clarifications regarding Supervision of Financial Services Law (Regulated Financial Services)

    Authored by Adv. Simon Weintraub, Adv. Shiri Shaham, Adv. Yuval Shalheveth of Israeli law firm, Yigal Arnon & Co.: