In 2006, special regulations were enacted, providing an exhaustive list of tax planning acts that must be reported to the Israel Tax Authority.

What do the United States, the UK, France, Germany, Italy, Spain, Switzerland and the Netherlands all have in common? In these countries (and many others), estate tax is collected on large inheritances.

Many Israeli residents who have a US citizenship are also beneficiaries of a US trust.

Having passed the year's mid-way point, we examine opinions throughout the state affecting the field of trusts and estates.

The Israeli Tax Authority has recently published a circular which sets forth in detail the ITA's interpretation of Israeli tax law regarding the taxation of trusts, settlors and beneficiaries.