Firms To Watch: Tax

Raveh Haber & Co. is noted for its niche expertise in representing investment funds, as well as their managers and portfolio companies, in tax matters. Gil Raveh is sought after for his specialist focus on funds-related tax.

Tax in Israel

FISCHER (FBC & Co.)

FISCHER (FBC & Co.)‘s full-service department excels in all core areas of tax, with strong skill sets in corporate tax, equity raising issues and indirect tax matters. The group is equally adept in contentious and non-contentious work and also brings to bear specialist expertise in municipal tax. Additionally, the team’s collaborative approach finds favour with clients, who praise its ability to connect with other teams ‘to get the client to the finish line‘. Tax head Anat Shavit is highly regarded for her record in cross-border tax structuring and complex settlement agreements. Sagit Avital Assaf is noted for her emphasis on municipal tax matters. Newly promoted partner Yuval Peled ‘considers the implications two steps ahead‘.

Practice head(s):

Anat Shavit

Other key lawyers:

Ronald Lehmann; Sagit Avital Assaf; Ofir Fartuk; Yuval Peled; Jonathan Shtang

Testimonials

‘I have been impressed by the team’s professionalism, detail-oriented approach, in-depth understanding of the entire tax ecosystem and its major players, and longstanding relationships with the relevant regulatory entities and tax authorities, which were used to our benefit.’

‘Provides a personal, creative approach and excellent know-how. Lawyers have a broad view of the relevant tax field. They do not just excel at the technical part, but also in demonstrating the people skills that are required to be a successful advisor.’

‘The tax team has great connections across different industries and is very collaborative and open to new relationships. Lawyers are extremely innovative in coming up with new ideas to approach clients and generate business through UAE/Israeli relations.’

‘The team’s members were extremely proactive, attentive and available for us at all times. It should be noted that although our industry is dynamic and fast paced, we were reassured by knowing that we were being advised by a team with such comprehensive and profound business and professional acumen.’

‘A very strong team that works well together, from the corporate and fund partners to the tax partners and associates. They all work together to get the client to the finish line and work very well with other advisors.’

‘Anat Shavit stood out as a brilliant and creative lawyer, who understands the ins and outs of the tax sphere. She is talented, quick, thorough, highly experienced, and has vast knowledge and expertise in all legal aspects in the field of tax, with impressive, unique proficiency in the field of real estate taxation in particular.’

‘Yuval Peled takes issues personally and is always available to advise in the best interests of the client. He thinks beyond what is expected of him and considers the implications two steps ahead. He is great at managing the client’s relationships with the different teams and advisors.’

Jonathan Shtang is a talented and sharp lawyer, for whom I anticipate a bright future in the legal tax world.

Key clients

J.P. Morgan

Bank Mizrahi

Bank of America

CITI Bank

Sumitomo Corporation

Bezeq – The Israel Telecommunication Corp. Ltd.

Perrigo

Groupon

The Davidoff Group Ltd.

Israel Ports Company

IDE Technologies

Shikun & Binui

Sufrin Group

Goldman Sachs

ICL Group Ltd.

Generation Capital Ltd

IN Capital SCIL Ltd

Almi Group

Clal Industries Ltd.

Mekorot Water Company Ltd.

The Hebrew University of Jerusalem

Talma Travel and Tours Ltd.

Luminera Derm Ltd.

Source of Sound Group

Migdal Insurance Company

Phoenix Insurance Company

Akuna REIT Ltd.

Reshet Media Group

Amot Investments Ltd.

bloxRoute Labs, Ltd.

ECI Telecom

SIBF II

ASHTROM Group Ltd.

Sonol Israel Ltd.

Tidhar Group Ltd.

Hanan Mor Group Holdings Ltd.

Mivne Real Estate Ltd.

Strauss Group Ltd.

Taldor Communication Ltd.

Work highlights

  • Represented Migdal Insurance Company and Phoenix Insurance Company in two court cases in the Tel Aviv District Court brought by Delek and Isramco, two gas and oil partnerships, relating to the nature of tax advances made by their general partners to the Israel Tax Authority (ITA).
  • Advised J.P. Morgan, Goldman Sachs and Bank of America, as joint bookrunning managers, on the tax aspects of two private offerings by Fiverr International totalling $1.1bn.
  • Represented Clal Industries in a tax appeal to the Tel Aviv District Court relating to a tax assessment by the ITA regarding certain purchase and sale transactions.

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.‘s sizeable tax practice is distinguished by its standalone offering, with over three-quarters of its client relationships originating in tax work. The group handles the full scope of tax matters, with notable strength in tax planning, transactional tax, indirect tax and tax litigation. Tal Atsmon has a wealth of experience in contentious and non-contentious tax, including multi-jurisdictional matters. Yaron Sever is also well versed in both domestic and international work, with broad expertise in transaction-related issues and tax litigation. The group includes Liat Faig-Neuwirth, the ‘highly professionalGill Nadel and Inbal Faibish Wassmer, who is ‘brilliant at all things legal and strategic‘.

Practice head(s):

Tal Atsmon; Yaron Sever; Gill Nadel; Liat Faig-Neuwirth; Inbal Faibish Wassmer

Other key lawyers:

Liat Graber; Liraz Tubul

Testimonials

‘Inbal Faibish Wassmer is brilliant at all things legal and strategic – and so much fun to work with!’

‘Gill Nadel is highly professional and very pleasant to work with.’

Key clients

AIG Inc.

UBS AG

The Goldman Sachs Group, Inc.

Credit Suisse

Yandex N.V

Dell EMC Corporation

Symantec Corporation

Comtech Telecommunications Corporation

SodaStream International Ltd.

Bank Hapoalim B.M.

Arison Group

Playtika

Adidas Israel Ltd.

Israel Discount Bank Ltd.

Medtronic plc

Shufersal Ltd.

Menivim – The New REIT Ltd.

Property and Building Group

Isracard Ltd.

Synopsys Inc.

Alony Hetz Properties and Investments Ltd.

Matrix I.T. Software Services Ltd.

The Phoenix Insurance Company Ltd.

J-C Healthcare Ltd.

Israel Chemicals Ltd.

Tambour Ltd.

Federation of Israeli Chambers of Commerce (FICC)

Tel Aviv Chamber of Commerce

MDA- Magen David Adom in Israel

ADAMA Agricultural Solutions Ltd. (formerly Makhteshim Agan Industries Ltd.)

Golf & Co Ltd.

Shekel Group

CAL Cargo Airlines

Abu Yehiel Construction Company

Benfid Verwaltungs AG

Withersworldwide LLP

Valueworks AG

Transforma AG

Collyer Bristow LLP

Breath of Life International Ltd. (BOL Group)

Hot Telecommunication Systems Ltd.

Unilever Israel Group

Alonyal Ltd. (McDonald’s Israel)

David Lubinski Ltd.

Colmobil Group

Mayer’s Cars and Trucks Ltd.

Automotive Equipment and Automobiles (2004) Ltd.

Mediterranean Car Agency Ltd. (MCA)

Delek Motors Ltd.

Max Trucks and Buses Ltd.

Avnir Car Company Ltd.

S. Shlomo Group

Gottex

The H.Y. Group

Synergy Cables Ltd.

Cannabliss Ltd.

Work highlights

  • Representing eBay in multiple income tax and VAT matters, including in disputes and tax litigation with the ITA.
  • Advising an American infrastructure company on obtaining unique tax arrangements in Israel.
  • Advising dozens of high-net-worth individuals and families on tax planning matters, including intergenerational transfer planning, gift planning, succession planning and philanthropic matters.

Gornitzky & Co.

Gornitzky & Co. houses a destination tax practice, which is widely recognised as ranking among the most comprehensive offerings in the market. A strong performer in tax litigation, the group is sought after by major multinationals for its expertise in precedent-setting cases, including those with a white-collar crime element. Among its non-contentious work, the firm advises on a steady stream of transactional tax, tax planning and indirect tax-related matters. High-profile figure Pinhas Rubin has impressive expertise in private client and criminal law-related issues; he also has a strong transactional practice. Daniel Paserman, who serves as co-chairman of STEP Israel, is routinely called upon by high-net-worth individuals and major corporates to advise on tax matters. Shlomo Aviad Zider is a growing force in tax litigation.

Practice head(s):

Pinhas Rubin; Daniel Paserman

Other key lawyers:

Shlomo Aviad Zider

Work highlights

  • Representing large multinational groups in tax disputes arising from the position recently adopted by the ITA, which has argued that Israeli R&D centres of multinational enterprises that meet certain requirements should be compensated based on the profit split method.
  • Representing hi-tech companies in disputes with the ITA relating to business model changes.
  • Representing a large multinational enterprise with an Israeli subsidiary in a case concerning the practice of transfer pricing and its application in income tax and VAT matters.

Herzog Fox & Neeman

Herzog Fox & Neeman‘s ‘very diversified‘ tax practice is ‘the best in Israel‘, according to many of its clients. Certainly, the firm fields an enviably deep bench in this area, which equips it to advise on the full range of tax services, including corporate tax, indirect taxes, tax planning, private wealth management and litigation. High-profile firm chairman Meir Linzen is widely revered as an authority in Israeli tax matters. Guy Katz is a ‘top-tier tax lawyer‘ with an impressive record in headline-grabbing transactional tax mandates. Yuval Navot has an ‘encyclopaedic knowledge of Israeli tax rules‘ and heads the corporate tax group. Ofer Granot specialises in tax controversy and litigation. Ronen Avner is an active associate.

Practice head(s):

Meir Linzen

Other key lawyers:

Guy Katz; Yuval Navot; Ofer Granot; Daniel Lipman Lowbeer; Ronen Avner

Testimonials

‘HFN, and their tax department, are by far the best in Israel. They are professional, they have very good experience, they have an outstanding focus on client service and they have great partners.’

‘The most reputable and experienced tax department in Israel. I enjoy working with them. They are very diversified and have a strong practice in all areas of taxation.’

‘The lawyers are very professional and highly experienced, the teams are highly collaborative between themselves and their clients. For so many years they have performed with excellence.’

‘HFN is in my view the standalone top firm in Israel. The tax practice is extremely strong and high end in its service offering. Meir Linzen, Yuval Navot and Daniel Lipman Lowbeer stand out from their peers.’

‘I mainly work with Guy Katz. Guy is a top-tier tax lawyer in Israel and one of the best. He deals with very complicated matters. He is very responsive, has a great deal of integrity and his advice is practical. He is very knowledgeable in all areas of taxation.’

‘I would emphasise their great focus on client service; they are always available and always give you a sense of partnership, care and interest. I would like to mention here Yuval Navot, with whom I have been working for so many years and who has been a wonderful partner.’

‘Yuval Navot is a very smart tax lawyer with ample experience and an encyclopaedic knowledge of Israeli tax rules. Yuval works hard to provide me with practical recommendations. He is very responsive and has invested a lot of time to get to know our industry and my specific needs.’

Key clients

Playstudios

Fusion Media

Work highlights

  • Advised PlayStudios on the Israeli tax aspects of its $1.1bn SPAC transaction.
  • Advised TWC Tech Holdings II Corp on the Israeli tax aspects of its $2.4bn SPAC transaction.
  • Advised Fusion Media and its shareholders on the Israeli tax aspects of its $375m exit transaction.

Meitar Law Offices

Meitar Law Offices‘s top-tier corporate practice supplies a significant volume of tax-related work. For example, the firm’s recent spate of SPAC-related deals saw it advise ironSource and eToro on the tax aspects of their multibillion-dollar SPAC mergers. The group also stands out for its cross-border capability, with several of its key lawyers qualified to practise in New York. Other department strong suits include tax controversy and private wealth matters. Eldar Ben-Ruby primarily handles international taxation, particularly fund formation and private client-related work. New York- and Israel-qualified Shaul Grossman focuses on cross-border M&A, real estate and private client-related tax matters. Transfer pricing specialist Michael Bricker is also noted.

Practice head(s):

Eldar Ben-Ruby

Other key lawyers:

Shaul Grossman; Michael Bricker; Keren Shitrit

Testimonials

‘Extremely deep understanding of the global tax environment. Out-of-the-box thinking. Always look at the broader picture and provide the pros and cons of different approaches.’

‘The team has vast experience with the subject matter.’

‘The individuals in the team I work with are highly capable and have a multidisciplinary view of the matters we discuss, in addition to their experience and ability to identify key issues.’

‘The lawyers are very professional and service-oriented. They maintain very good relationships.’

‘The team is comprised of professional and knowledgeable individuals who continuously provide practical and clear advice and support.’

‘Keren Shitrit is a true professional who is always available to provide comprehensive advice; she is knowledgeable about different matters and practices, with a can-do approach.’

Key clients

Francisco Partners

ironSource Ltd

eToro

Verint Systems/Cognyte Software

Energean Israel Finance Ltd.

Fiverr

JFrog Ltd

Lumenis Ltd.

Moringa Acquisition Corp

Harbor Group

KKL

Viola Private Equity

Pitango Venture Capital

Work highlights

  • Advised Francisco Partners on its acquisition of the genealogy platform MyHeritage, including corporate tax issues.
  • Advised ironSource on the tax aspects of several transactions, including on its $11.1bn merger with a SPAC.
  • Represented eToro in its merger with a SPAC, FinTech Acquisition Corp.

Shekel & Co.

Tax boutique Shekel & Co. represents some of the largest corporates in Israel, with an emphasis on the tax structuring of M&A transactions, tax audits and tax litigation. The firm’s specialist focus also marks it out as a popular choice to support local and international full-service firms on complex tax issues. Yaniv Shekel is highly sought after for such matters, with an enviable track record in large-scale transactions. Ofer Elboim has an increasingly prominent reputation in the VAT and real estate tax fields. Other key names include Ayelet Hillel-Birenzwig, who routinely represents clients before the Israel Tax Authority (ITA), and Binyamin Tovi, who specialises in international taxation.

Practice head(s):

Yaniv Shekel; Ofer Elboim

Other key lawyers:

Binyamin Tovi; Ayelet Hillel-Birenzwig

Testimonials

‘The Shekel & Co. team are experts in all the various tax issues. They have vast experience and knowledge in income tax, corporate tax, VAT, real estate taxation, tax litigation, gas and oil taxation, import taxes and international taxation. When we need good tax advice or successful tax planning, I will always turn to Shekel.’

‘A professional team that provides smart and creative solutions for all types of tax issues. It focuses on planning, accompanying transactions and resolving crises in a smart, efficient, modest and creative way.’

‘The vast majority of the lawyers at Shekel are also accountants or at least accountants by education. They are smart, pleasant and know how to solve problems.’

‘Professional, available, creative and supportive. They have the efficiency of a mid-size boutique office.’

‘Yaniv Shekel is a true professional. He has vast knowledge, is an excellent lawyer and knows how to solve tax problems in any sector.’

‘A very professional and practical team – especially Yaniv Shekel, Ofer Elboim and Binyamin Tovi. Whenever I have a complicated tax issue I like to consult with them.’

‘Ofer Elboim is a very talented professional, especially in indirect tax matters. Ayelet Hillel-Birenzwig is professional and pleasant; she represents us in front of the tax authority very well.’

Ayelet Hillel-Birenzwig recently represented us in front of the tax authority in a professional and pleasant manner, and we received the ruling we had hoped for. We are definitely going to work with her again.’

Key clients

Chevron

Delek Drilling

Bank Hapoalim

Gazit Globe

Colmobil Group

Verint Systems

Maccabi Healthcare Services

Isracard

Melisron

Cognyte

Chevron

Delek Drilling

Bank Hapoalim

Work highlights

  • Advising Apax Partners on tax matters relating to the sale of Psagot Investment House.
  • Representing Chevron, Delek Drilling and other partners in the Israeli gas fields in preliminary rulings relating to the taxation of their activities in Israel and abroad.
  • Representing Verint Systems in the preliminary ruling dealing with its $2bn spin-off of Cognyte Software.

Amit, Pollak, Matalon & Co. Advocates and Notary

Amit, Pollak, Matalon & Co. Advocates and Notary‘s broad practice combines strength in contentious and non-contentious matters. On the transactional side, the group is well known for its historically strong real estate offering. The team also advises on tax planning, for both corporations and individuals, as well as tax litigation and settlement agreements. Doron Levy is noted for his extensive expertise in local and international tax matters. Racheli Guz-Lavi, who is co-managing partner of the firm, advises on a mix of corporate, real estate and indirect taxation. Omer Ben Matityahu and of counsel Yifat Weiss are also recommended.

Practice head(s):

Doron Levy; Racheli Guz-Lavi; Omer Ben Matityahu

Other key lawyers:

Yifat Weiss

Key clients

Israel Infrastructure Fund

Sweetwood Ventures SCSp-RAIF II

Nano-X Imaging Ltd.

Optas Industry Limited

IM Cannabis Corp

MedicaNL Inc.

Michlol Urban Renewal Real-Estate Solutions Ltd.

Michlol Urban Renewal Ltd.

Mishan Elderly Housing

Association of Manpower Companies

Peninsula Investment Fund Growth

Peninsula Group Ltd.

Azorim Investments in Development and Construction Company Ltd.

Forma VC Fund

Alto VC Fund

Amiti VC Fund

FinTLV VC Fund

Gottex Brands Holdings Ltd.

The Nielsen Company

Work highlights

  • Advising Nano-X Imaging on all legal matters, including the tax aspects of a $70m private financing round.
  • Advised IM Cannabis Corp on tax issues relating to its purchase of several licensed medical cannabis pharmacies.
  • Advised Aleph Farms on a $105m fundraising, including the tax aspects.

Benjamini & Co.

Benjamini & Co.‘s ‘highly professional, knowledgeable and committed‘ tax team impresses with its involvement in large-scale transactions. The firm has a strong track record of advising on the tax aspects of real estate, hi-tech and financial services-related deals, including cross-border matters. Its signature strengths were exemplified by its recent advice to eToro on its combination with a US-based SPAC, Fintech Acquisition Corp V. The boutique firm is also well versed in contentious work. Yair Benjamini is noted for his representation of major corporates in tax structuring matters and tax litigation. Sagiv Ron has a focus on the tax aspects of real estate transactions. Associate Elizabeth Krishmarov provides key support.

Practice head(s):

Yair Benjamini; Sagiv Ron

Other key lawyers:

Doron Elmekiesse; Shahar Strauss; Elizabeth Krishmarov

Testimonials

‘Benjamini & Co resolved my real estate tax problem brilliantly, displaying the highest level of professionalism I have ever encountered in Israel. Their diligence, thoroughness and concern assured me from the start that I was in the right hands. They were a pleasure to work with and their fees were reasonable.’

‘Benjamini & Co.’s real estate tax practice is strong in its theoretical knowledge of all aspects of real estate taxation, but also understands the business considerations behind the various real estate transactions in the Israeli market. Their in-depth knowledge enables them to offer creative solutions that also work from both a legal and business perspective.’

‘My experience with Benjamini & Co. has been very positive in the sense that they are very practical with their advice, they take their time to get to know the client’s issue before providing their advice and, most importantly, they are very collaborative. The practice will be the first one that I go to whenever I have a tax issue that I need help with.’

‘They are service oriented and very creative. They understand the clients’ needs and goals, and they then aim to solve them and advise them properly.’

‘Yair Benjamini is an outstanding professional with an amazing knowledge of cross-border M&A and hi-tech issues, with a practical approach and the ability to solve issues.’

‘Yair is an excellent tax advisor – he is smart, creative and a zealous advocate of his client’s best interests. The team is more assertive and more creative than the large firms.’

‘Sagiv Ron is very highly regarded, respected and trusted by the Israeli officials of the land tax authorities, with whom he is in contact on almost a daily basis. This means that when clients approach Sagiv, they not only get advice on what the tax strategy could be, but also are offered a realistic view of how the authorities will view the transaction.’

‘The entire team was highly professional, knowledgeable and committed, but Shahar Strauss in particular led my case brilliantly. No stone was left unturned, and I felt his concern for our success equaled my own. I have not experienced more amenable, reliable professionalism in Israel’s legal landscape.’

Key clients

Kardan Real Estate Ltd.

Netanel Group Ltd.

Rotem Shani Construction Company Ltd.

Meshulam Levinstein Contracting & Engineering Ltd

Yuvalim Group Ltd.

Alami Igal & Co. Ltd.

Dimri Galim

Merck & Co.

Pfizer Inc.

Levinstein Properties Ltd.

eToro Group Ltd.

Salesforce.com Inc.

Tosca Services, LLC

1-800 contacts Inc.

Hellman & Friedman

Alphabet Inc.

Fortive Corporation

ServiceNow Inc.

Red Hat Inc.

Palantir Technologies

Work highlights

  • Represented eToro Group and its founders on the tax elements of its transaction with FinTech Acquisition Corp V, and its prospective listing on NASDAQ.
  • Advised ARKO Corp on the Israeli tax aspects of its merger into Haymaker, a SPAC traded on NASDAQ and on the TASE.
  • Acted for a former CEO of an Israeli cybersecurity company in a tax dispute with the ITA involving stock option exercises of over NIS50m.

S. Horowitz & Co

S. Horowitz & Co‘s practice advises a diverse mix of domestic and multinational clients on tax matters, including private clients and major global corporates. The team’s broad experience encompasses transactional, regulatory and contentious tax matters, with a strong recent showing in multi-jurisdictional work. In a particular highlight, the group advised Perrigo on its tax discussions with the ITA following an audit. Department head Leor Nouman advises on all areas of tax law but is particularly noted for his experience in tax disputes. Associate Zmira Joseph Arbel handles a comprehensive range of contentious and non-contentious tax matters.

Practice head(s):

Leor Nouman

Other key lawyers:

Zmira Joseph Arbel

Key clients

Perrigo Group

Veolia Group

Arkin Group

ReadyMix Industries Israel Ltd.

Tikehau Capital SCA

The Israel Electric Corporation (IEC)

Flying Cargo Group

Cisco Group

Qualitest Group

Vitec Group

Bank Hapoalim Ltd,

Wobi Group

Bullguard Group

Hadassah Medical Center

The Women’s Zionist Organization of America

The Weizmann Institute of Science (WIS)

Yeda Research & Development Ltd

XConnect Group

Elyakim Ben-Ari Group

Work highlights

  • Representing Veolia in discussions with the ITA in connection with the sale of its entire Israeli business activity (valued at $1bn) to a Luxembourg-resident corporation, which is part of the alternative investment firm Oaktree Capital.
  • Representing Israel Electric Corporation in various tax matters, including accounting issues concerning future assets and liabilities and a tax dispute with an insurance company.
  • Advising Elyakim Ben-Ari Group on the tax aspects of the sale of 60% of its shares to two investment funds.

Yaron-Eldar, Paller, Schwartz & Co. Law Offices

Boutique firm Yaron-Eldar, Paller, Schwartz & Co. Law Offices houses a sizeable team dedicated to tax work. A strong performer in tax planning, transactional support and litigation, the group is particularly well versed in customs tax. It also stands out for its growing expertise in cryptocurrency-related tax issues. Clients highlight Tali Yaron-Eldar as ‘exceptional‘; she specialises in family wealth and trust management and direct and indirect taxation. Gilad Ben-Ami ‘takes care of every detail‘ and has a focus on tax planning, including international matters. The department’s deep bench was further boosted in 2022 with the arrival of international tax specialist Henriette Fuchs and senior associate Roy Grilak, who focuses on transactional and real estate tax; both joined from Pearl Cohen Zedek Latzer Baratz.

Practice head(s):

Tali Yaron-Eldar; Gilad Ben-Ami; Roy Paller; Rany Schwartz

Other key lawyers:

Henriette Fuchs; Yossi Baruch

Testimonials

‘This practice is unique in that it brings not just knowledge, but practical experience and personal acquaintanceships with tax officers. They also bring an original and creative approach to complex situations.’

‘The team is very professional, it cares about the client.’

‘Tali Yaron-Eldar is exceptional – she is able to analyse a problem and provide solutions.’

‘I recommend Gilad Ben-Ami. He is extremely professional and takes care of every detail. He cares about the client and spends extra hours making sure that everything is understood.’

Key clients

Flo Group

Solaer Renewable Energies (PLC)

Isarmko Negev 2

Paz Refinery PLC

Arbel Fund

Moment Capital

INX Limited (INX)

Innoviz Technologies

OGEN Fund NGO

Navitas Petroleum (PLP)

Work highlights

  • Advised Flo Live on several tax matters, including on a new multimillion-dollar investment deal led by Intel Capital.
  • Represented Solaer Renewable Energies PLC in all tax aspects of its restructuring in order to go public.
  • Advised INX on day-to-day tax matters, including domestic and international VAT and income tax-related issues.

Yigal Arnon & Co

Yigal Arnon & Co‘s cross-border expertise finds favour with clients, who highlight it as ‘very proficient in the tax laws of both the US and Israel‘. This is reflected in its strong track record of acting for local and international clients in multi-jurisdictional transactions, such as its recent advice to Boston Scientific on the tax aspects of the $1bn acquisition of the global surgical business of Lumenis. The group also advises corporates and individuals on tax planning and contentious matters. Ofir Levy specialises in advising on tax-efficient transaction structures; he also handles tax assessments and litigation. Israel- and New York-qualified Eran Lempert frequently advises multinationals and high-net-worth individuals on domestic and cross-border tax matters.

Practice head(s):

Ofir Levy; Eran Lempert

Testimonials

I think what makes the tax team at Yigal Arnon & Co unique is the fact that in addition to being very professional with extensive knowledge, they have a very practical approach to handling tax issues.

A team of exceptional tax lawyers who are very proficient in the tax laws of both the US and Israel, very diligent, responsive and cost effective.’

They worked very closely with me and my team and came up with creative tax solutions to the situations we had to handle. Their responses were prompt and clear and the service was very helpful to our company. I find Yigal Arnon very professional and very easy to work with when it comes to billing and response rates.

Eran Lempert is a brilliant tax practitioner. He has a very deep understanding of the Israeli and international tax systems. He has an ability to think of and spot in advance the issues and pitfalls involved in any step in the transaction and then suggest practical ways to deal with the tax risks.’

Eran Lempert is very knowledgeable, diligent and responsive. His expertise in both US and Israeli tax laws makes him the perfect candidate for working with us.’

Key clients

Intel Corporation

eBay

IBM International Group B.V.

Boston Scientific Corporation

General Electric Lighting

Dentsply Sirona

Palo Alto Networks (PANW)

Accessible Labs

Oracle Corporation

Hewlett Packard Enterprise

PayPal Holdings, Inc.

Salesforce.com, Inc.

Work highlights

  • Advising Boston Scientific Corporation on the Israeli and cross-border tax aspects of its $1bn acquisition of the global surgical business of Israel-based Lumenis.
  • Advising Dentsply Sirona on tax matters connected to its acquisition of Datum Dental and its parent company, Datum Biotech.
  • Advising Palo Alto Networks on the tax elements of the acquisition of a US tax-resident company which owns an Israeli subsidiary.

Yossi Elisha Calderon & Co.

Yossi Elisha Calderon & Co.‘s exclusive focus on tax matters pays dividends and the boutique firm is routinely engaged by large Israeli companies, including Ashdod Port Company and Elco. The team primarily handles corporate taxation, with strong skill sets in M&A, funds and employee option plans. Yossi Elisha, who serves as the chairman of the National Tax Forum at the Israel Bar Association, has strong experience in transactional support matters, indirect taxes and litigation. Benny Calderon also maintains a broad tax practice.

Practice head(s):

Yossi Elisha; Benny Calderon

Other key lawyers:

Daniella Gabbay Ben Zeev; Yarden Avidani-Akirav

Key clients

Elco Group (including Electra Ltd)

The Prashkovsky Group

Ofer Investments

Ashdod Port

Albar Group / Melisron Ltd. (part of Elezra Holdings Ltd.)

Almog Yam Suf Real Estate (Papushado Group)

Golan Telecom

The Institute of Tax Consultants in Israel

The Israeli Bar Association

Gindi Holdings

Bank Hapoalim

Avis – UMI Group

Allied Group

Yuvalim Group Projects Ltd.

NA’AMAT

IDF disabled veterans organization

Ashkelon Municipality and Economic Company

Ashdod Municipality

Ramat Gan Municipality

Kyriat Ono Municipality

Lod Municipality

Hachshara Insurance Company Ltd

Sella Capital Real Estate Ltd.

Bonei Hatichon Group

Carmel Winery

Aura Group

Prodalim Group

Luzon Group

Globus Center

Davidson Group

Astral Hotels

Briga Real Estate

Shlomo Insurance Company

Y.H. Dimri Construction & Development Ltd.

Gabbay Group Ltd.

Yenot Bitan / Mega Ltd.

Work highlights

  • Advising Elco Group and its subsidiaries on all tax aspects of deals estimated to be worth over NIS3.5bn in total.
  • Advising Ashdod Port Company on all tax aspects of the port’s activity, including the management of tax assessments, tax litigation and representation before the ITA.
  • Advising Ofer Investments on a variety of ongoing matters, including advice on real estate taxation and income tax.

Alter Attorneys at Law

Highly knowledgeable and professional‘, Alter Attorneys at Law‘s tax team strikes the right note with clients due to its lawyers' ability to ‘deliver 100% on their promises‘. The comprehensive practice covers the waterfront on tax matters, with a focus on international tax, multi-jurisdictional M&A, voluntary disclosure, real estate tax and litigation. Managing partner Anat Tenne is singled out for her knowledge of international tax systems, and Amichai Pery also has a strong international dimension to his practice.

Practice head(s):

Anat Tenne; Amichai Pery

Testimonials

‘All the partners are skilled professionals and highly credible. They deliver 100% on their promises.’

‘They’re dedicated to their clients and go out of their way to provide a personal and professional service.’

They’re responsive, highly knowledgeable and professional. They’re determined to achieve the client’s objects and form a tight-knit team, putting the client’s needs first.’

‘We have dealt mainly with Anat Tenne. She is very experienced and has a good knowledge of the law and practice in various other countries, which is indispensable for international matters and invaluable in working out cost-effective strategies.’

‘They are excellent.’

Key clients

Siemens Group

Conduit

GEA Group

Baker & Mckenzie

World Tax Service

Bank Hapoalim

Hp-Indigo

Ofer Brothers Group

Engelinvest

Amot Investments Limited

Work highlights

  • Represented PRS Mediterranean in a case against the state of Israel following its refusal to pay war compensation.
  • Represented a consortium comprised of Ramat Hovav Power Plant Limited Partnership, Edeltech and Shikun & Binui on the purchase of a power plant in Israel.

BRACHA & CO

BRACHA & CO fields strong offerings in tax issues relating to fintech, real estate and capital markets, as well as international tax matters. The group strikes a balance between contentious and non-contentious work, with notable experience in anti-money laundering and criminal cases. Managing partner Itay Bracha has a focus on litigation, anti-money laundering and voluntary disclosure procedures.

Practice head(s):

Itay Bracha

Testimonials

Bracha & Co has accumulated a wide range of talents with regard to all tax matters.’

Many of the firm’s lawyers were formerly senior officers at the tax authority, which gives the firm’s clients direct insight into the way the authorities will view their case and creates deeper certainty in the tax outcomes.

Itay Bracha’s ability to deliver actionable legal and tax advice closely knitted to the business needs of the client, with a broad understanding of all stakeholders (internal and external), and his well-established connections with the relevant authorities sets him apart.’

Key clients

Intercure Ltd.

Bank Leumi Le Israel Ltd.

Bank of Jerusalem

Tarya

Majority shareholder in Fattal Group

The Fortune Group

Mr. Avi Revivo

Clearshift

Minkovsky Media

Profound Investment House – Global Wealth Management

Work highlights

  • Advised InterCure on the taxation aspects of its $300m merger with Subversive Real Estate Acquisition REIT LP, a SPAC, followed by a public offering on the Toronto Stock Exchange.
  • Advised a majority shareholder in the Fattal Hotel Group on a comprehensive foreign trusteeship holding structure and disclosure tax arrangement valued at several billion shekels.
  • Advised Tarya on the taxation aspects of its merger with Luzon Real Estate, through a reverse triangular merger transaction.

Eitan Mehulal Sadot, Advocates & Patent Attorneys

Eitan Mehulal Sadot, Advocates & Patent Attorneys is distinguished by its equal strength in both direct and indirect taxation. The group handles the full scope of tax work but is best known for its expertise in contentious matters, where it represents major Israeli and global corporates as well as private clients. Noa Lev Goldstein has an impressive track record in precedent-setting litigation. Yaron Mehulal has an emphasis tax planning and cross-border transactions.

Practice head(s):

Yaron Mehulal; Noa Lev Goldstein

Testimonials

‘The lawyers are professional.’

‘We value their responsiveness.’

Key clients

The Boston Consulting Group

Biosense webster Inc (J&J group)

Adama group

BrandShield

Fox Group

BlueHarbor Group

Y.G.M investment Ltd

IronSourse shareholders

UTC (Pratt and Whitney)

Meatech Ltd.

Group 107 Ltd.

Big-Tech 50 LP

Sami Bakikar Group

Work highlights

  • Represented Brandshield in proceedings held by the ITA in order to obtain a preliminary ruling authorising its tax-exempted merger with British traded corporation Two Shields Investments PLC.
  • Represented businessman Shlomo Reisman before the District Court and then the Supreme Court in a case against the ITA concerning the taxation of goodwill and the tax rate that applies with respect to the sale of traded shares.
  • Represented Y.G.M Investments in a precedent-setting case against the ITA on whether investments in the Israeli capital markets may be subject to taxation under the VAT law.

Gross Law Firm – GKH

Gross Law Firm – GKH‘s ‘true business thinking‘ strikes the right note with clients, who also praise the tax team’s ‘practical approach to solving problems‘. The group shines in transactional tax, with its recent highlights spanning M&A, fund formation, venture capital investments and public offerings. It also frequently advises on tax assessments and tax rulings. Group head Oren Biran and key partner Moti Balilti advise on an array of tax issues, including transactional tax, tax planning and contentious matters.

Practice head(s):

Oren Biran

Other key lawyers:

Moti Balilti; Shay Fahima; Ayal Shenhav

Testimonials

‘The tax team at GKH has extensive experience with all aspects of partnership tax matters, from incorporation to day-to-day management and special approvals from the Israeli tax authorities. They are available for consultations, give prompt responses and can be relied upon for following up on the issues at hand.’

Gross’ tax team has a distinguished reputation among tax practitioners (including accounting firms and tax authority officials).’

‘A very accomplished and devoted team. What I like about the team is that they have a very practical approach to solving problems, rather than just citing the law. They demonstrate true business thinking.’

‘Oren Biran is very knowledgeable and responsive. Oren has a very good reputation as well as contacts at the tax authority, and can approach the ITA whenever needed.’

‘Oren Biran is very professional. Ayal Shenhav is involved in regulatory changes and updates which are critical to clients. Moti Balilti manages day-to-day tax matters for clients. They are very service oriented and knowledgeable.’

‘Oren Biran’s knowledge of international tax, and specifically tax agreements between Israel and the US, is unparalleled. He is able to negotiate very well and close agreements with the tax authorities.’

‘Oren Biran and Moti Baliti are both experts in their work, and know how to guide you through a situation by precisely explaining the boundaries and risks.’

Ayal Shenhav is very creative and has a vast understanding of corporate law, but is also a business person with creative thinking.

Key clients

American Well Corporation

Insight Partners XI

Rapid 7

Zim Integrated Shipping Services Ltd

BrainsWay Inc.

Y.D. More Investments Ltd

Cross Israel Highway Ltd

Blumberg Capital Fund

Cyberstarts Venture Fund II

K2 View

Israel Secondary Fund

Cipia Vision Ltd.

Battery Ventures

Egged Transportation Ltd.

BlueRed Capital Fund

HoneyBook, Inc.

Work highlights

  • Acted as Israeli counsel to Insight Venture Partners on multiple investments and purchases of Israeli companies, including tax matters.
  • Advised HoneyBook, and its founder Alon Oz, on the Israeli tax aspects of a $1.1bn investment into the company, among other matters.
  • Advised Zim Integrated Shipping Services on all Israeli tax matters, including on a $60m bond repurchase transaction.

Dr. M. Druker & Co. - Advocates & Notaries

Dr. M. Druker & Co. – Advocates & Notaries is routinely engaged on a wide scope of tax issues and stands out for its comprehensive offerings in both civil and criminal tax matters. The boutique firm acts for a diverse mix of private and public sector clients, with strong activity in the real estate, telecoms and technology sectors; it also represents private clients. Moshe Druker is noted for his regulatory expertise. Ori Druker has significant experience in voluntary disclosure processes.

Practice head(s):

Moshe Druker

Other key lawyers:

Ori Druker; Eyal Tzidkiyahu; Miki Michaelovits; Israel Mandel

Key clients

Dan Gertler International Group

Gabso Group

Max Stern Yezreel Valley College

Bezeq the Israeli Telecommunication Corp Ltd.

Itzik Tshuva Group Ltd.

The Shechter Group

The Sofia Group

The Leonardo Group

Radco

Rassco

IVEGA LTF

Work highlights

  • Advising a software engineer on tax issues connected to the leasing of an algorithm to a foreign company in exchange for royalties.
  • Advising developer Rassco on the tax aspects of real estate transactions, including urban renewal projects.
  • Advising Max Stern Yezreel Valley College on the statute of limitations regarding a particular tax year, following changes to the legislation in order to collect more money retroactively.

Pearl Cohen Zedek Latzer Baratz

Among Pearl Cohen Zedek Latzer Baratz‘s core strength is its robust cross-border tax capability, which is supported by the firm’s US tax offering in New York. The department advises on a steady stream of domestic and multi-jurisdictional transactions and tax planning matters. It is also well versed in negotiating with tax authorities and in handling tax litigation. Senior partner Doron Latzer and New York-based Oz Halabi are the key contacts following the departures of Amit Zomer  to establish his own office in 2021, and department head Henriette Fuchs and senior associate Roy Grilak to join Yaron-Eldar, Paller, Schwartz & Co. Law Offices in 2022.

Practice head(s):

Doron Latzer; Oz Halabi

Testimonials

‘A team that is available and responsive to the client’s needs.’

The team demonstrates a practical and on-the-ball approach.’

Key clients

Alstom Transport SA (and its Israeli subsidiary Citadis Israel Ltd.)

Aerotech UK Ltd

ISS Global A/S

Salesforce UK Ltd (and Salesforce Ireland Ltd)

Forever 21 Israel Ltd

Plasticon Europe BV (and its subsidiary Plasticon Israel Ltd)

Storage Drop Ltd

Greycroft Fund

AXA Fund AVP Early Stage II, SLP

Bombardier Transportation

Navus Ventures B.V. (part of Lely Group)

Velvet Sea Venture Capital Fund, LP

GreyCroft Partners V

Wuhan Dr Laser Technology Corp

Cell Cure (a subsidiary of Lineage Cell Therapeutics)

Scivax Ltd

Impresa Pizzarotti C. S.p.A.

Telit Ltd

C-Stacks Ltd

Cellido Therapeutics BV (partner of Orgenesis Inc/BV)

Spirent Communications Plc

Picafuel Ltd

Z-Square

Kahr Medical Ltd

Apollo Cloud Services LLC

Vektor Partners LLP

Re-Invent VC

Digital Turbine

Work highlights

  • Advised StorageDrop on obtaining tax confirmation for a deferred merger with public company Medivie Therapeutic.
  • Advised Forever 21 Israel on the tax aspects of its bankruptcy.
  • Advised Cell Cure, and its US-based public parent Lineage, on tax challenges relating to the potential restructuring of certain intellectual property in Israel.

S. Friedman & Co. Advocates & Notaries

S. Friedman & Co. Advocates & Notaries‘ industry-specific tax expertise is a recurring theme among clients, with its experience in the higher education and shipping sectors drawing particular praise. The group advises domestic and global clients on a range of tax issues, with strong activity in transactional support matters, indirect tax, international tax and contentious proceedings. Doron Schweppe has ‘vast experience‘, particularly in tax matters relating to the shipping and higher education sectors. Ifat Minzer-Koll has niche expertise in municipal taxation issues.

Practice head(s):

Doron Schweppe; Ifat Minzer-Koll

Testimonials

‘The tax department are experts in their field, and render us legal services and advice with respect to legislative procedures and VAT issues concerning payments to foreign service providers.’

‘S. Friedman has unique expertise in shipping and ports, while they also have wonderful experts in other related sectors. This enables them and us to benefit from a synergy of general and specific knowledge combined together.’

‘I would like to point out Doron Schweppe. He has extensive knowledge of the Israeli taxation of higher education institutions, and his vast experience in the legislative procedures was very beneficial to us.’

Key clients

Weizmann Institute of Science

University of Haifa

Tel Aviv University

Hebrew University

Ben-Gurion University

Association of University Heads (VERA)

IUCC (Inter-University Computation Center)

Palram Industries (1990) Ltd. (PALRAM)

Maersk Line

Total Upgrade Enterprise Ltd.

Summit Real Estate Holdings Ltd.

Mount Hermon Ltd.

Tamarestelecom Ltd.

The Israeli Coins and Medals Corporation

MSC Shipping co.

Zim Integrated Shipping Services Ltd.

Israel Shipyards Ltd.

Klil Industries Ltd.

Rada Electronic Industries Ltd.

SH.A.M Misholim Enterprise And Building Ltd

E M Shtern Infasructures Ltd

Almogim Ltd.

Maccabi Haifa Basketball Team

Gav-Yam, Bayside Land Corporation Ltd.

The Israel ChamberofShipping

Avraham Ltd

Aviv & Co. Group Real Estate 1963 Ltd

Avraham Amram Construction Company Ltd

Eldan Transportation Ltd.

Work highlights

  • Advised the Association of Israeli University Heads (VERA) and the University of Haifa on international VAT issues regarding payments to foreign service providers.
  • Represented Dyn Diagnostics in tax assessment proceedings relating to the deduction of legal expenses for arbitration proceedings.
  • Represented Energy Infrastructures in an appeal against income tax assessments amounting to hundreds of millions of dollars.

Shibolet & Co.

Shibolet & Co. provides ‘hands-on advice‘, according to clients, due to its ‘vast practical knowledge‘. Cross-border tax matters are a notable specialism, including tax planning, transactional tax structuring and VAT-related issues. The group, which advises a mix of Israeli and multinational clients, also handles contentious matters. A dual-qualified accountant and lawyer, Miri Bickel‘s practice encompasses a broad spread of non-contentious and contentious matters, including civil and criminal tax disputes.

Practice head(s):

Miri Bickel

Other key lawyers:

Doron Mutai; Vered Meller; Ibrahmin Atrash

Testimonials

‘Hands-on advice based on vast practical knowledge and experience with almost any situation we face, including more complex ones. The close ties of the team with high-ranking officials in the tax authorities allowed us to gain greater certainty with respect to our tax planning in advance.’

‘Miri Bickel is highly devoted to helping us achieve our business goals and crafting innovative tax structures to adequately support them. She was always a telephone call away from any tax authority official who was needed to provide us with an unofficial pre-ruling on an anonymous basis to guide our decisions.’

‘A unique combination of tax expertise, creativity and a proper fit with our business, particularly Miri Bickel.’

Key clients

Siemens Group

Bancor (Bprotocol Foundation)

Malca Amit Ltd

Vonage Holdings Corp.

Compugen Ltd.

Medasense Biometrics Ltd.

Ernst & Young (EY)

Cann Pharmaceutical Australia

Highcon Systems

Pitango Venture Capital

Viola

Ourcrowd

Xtend

Finova Capital Fund

Cortica AI

OCV Partners

PLSense

Lion Partners

Boston Consulting Group

Conti Inc.

Harel

LiquidApps Ltd.

Quata Services Inc.

Gamefly Inc.

Trendlines Incubators Israel Ltd.

Camtek

VATBox

PCB Technologies

Poalim Capital Market

NICE Systems

Fahn Kanne – Grant Thornton

Shtainmetz Aminoach & Co

Aztek Holding

Lear Corporation

Ultra Information Solutions

Lear Corporation

Colu

Filpkart

Endor

General Motors Israel

Volkswagen

The Trendlines Group Ltd.

PCB Technologies

Priortech Ltd.

Augwind

Deep Analytics

Aspectiva

Capital Nature

Silicon Valley Bank

Work highlights

  • Advised Camtek on raising $68.4m in a follow-on public offering, including the tax aspects.
  • Advised Gama Management and Clearing on two extensions to a series of bonds traded on the TASE UP platform, including tax advice.
  • Advised HUB Security on its merger into TASE-listed Advanced Logistics Development, including tax-related issues.

Tulchinsky Marciano Cohen Levitski & Co.

Tulchinsky Marciano Cohen Levitski & Co.‘s tax group leverages the firm’s signature strength in the life sciences and hi-tech sectors to specialise in advising its key clients in those fields on various tax matters. The group’s close links with Teva are particularly fruitful and it provides ongoing advice to the pharmaceutical giant on contentious and non-contentious tax matters. Isaac Marciano has experience in complex litigation as well as tax planning and the structuring of M&A transactions.

Practice head(s):

Isaac Marciano

Other key lawyers:

Elad Mirvis

Key clients

Teva Pharmaceutical Industries Ltd.

Orbotech Ltd.

The Caesarea Edmond Benjamin de Rothschild Foundation and The Caesarea Edmond Benjamin de Rothschild Development Corporation Ltd.

Fingenom Ltd.

Work highlights

  • Advised Teva, and its subsidiaries, on tax matters, including tax appeals and M&A and financing transactions.
  • Advised Orbotech on tax matters, including the tax aspects of major transactions.
  • Advised Fingenom on tax issues and the various regulatory implications of cryptocurrencies and bitcoin.