“…So much so that we encounter absurd situations in which they refuse to accept funds from overseas accounts that were subject to voluntary disclosure and included in explicit agreements with the State,” says Adv. Leor Nouman, Partner and Head of the firm’s Tax Practice Group in an article in Globes, that was written against the backdrop of a clarification letter published on behalf of the Bank of Israel and the Taxation Authority on the subject of the opening of accounts and the granting of credit to diamond merchants.

For the full article in Globes, press here