Adv. Doron Levy, a senior partner at Amit, Pollak, Matalon & Co., has provided insights and solutions to the ever-evolving landscape of international financial transactions. With over 25 years of experience, Adv. Levy heads the firm’s Tax and Class Action departments and is a renowned expert in international taxation.
Speaking on the current trends and challenges in international taxation and their implications for Israeli companies, Adv. Levy said, “International taxation presents quite a few challenges. Israeli companies must know the issue’s importance and act accordingly.”
Highlighting the ongoing economic globalization that compels businesses to operate across multiple countries, Adv. Levy explained, “This trend makes it difficult for governments to monitor business activity and makes it necessary to adjust tax laws.” He also noted the pressure countries exert to combat tax evasion and profit shifting to tax havens through international agreements such as the OECD’s BEPS Project.
For Israeli businesses operating across borders, understanding international taxation is paramount. Adv. Levy elaborated, “The fact that it operates in two different sovereign systems and two separate tax systems creates a special taxation complexity. This international activity makes it necessary for businesses to understand the tax laws of the countries in which they operate.”
Adv. Levy advises seeking the guidance of international taxation experts to ensure compliance with the tax laws of the countries in which businesses operate and to avoid increasing tax liabilities. He also anticipates ongoing pressure from G7 countries to enact legislation that prevents profit shifting to tax havens, as well as a growing focus on cryptocurrencies by tax authorities, including Bitcoin and Ethereum.
“My message to business owners is – they need to be aware of the importance of international taxation,” Adv. Levy concluded. “International businesses need to understand the tax laws of the relevant countries and take the necessary steps for dealing with the challenges in this area.”
Adv. Doron Levy, a distinguished senior partner at Amit, Pollak, Matalon & Co. with over 25 years of experience, has provided expert opinion on the current trends and challenges in international taxation and their implications for Israeli companies. He emphasizes the importance of international taxation, highlights key trends, and advises businesses to seek the guidance of experts. Adv. Levy also anticipates ongoing pressure from G7 countries to enact legislation that prevents profit shifting to tax havens and a growing focus on cryptocurrencies by tax authorities. For more information or expert advice, please contact Amit, Pollak, Matalon & Co.’s Tax Department.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.