Keeping the Money in the Family / Adapted by Rabbi Ariel Ovadia In case you haven’t heard, the federal estate, gift and generation-skipping transfer tax (collectively known as the “death tax”) turned 100 this month. The United States death tax is liable on estates above a “standard deduction” of about $5.4 million ($10.8 million if a surviving spouse passes). The top death … [Read more...]
The Troublesome Tax Haven
The Panama Papers, Wearing Sha’atnez and Tax Avoidance / By: Rabbi Yosef Fund Several important documents were leaked in the April 2016 scandal known as the “Panama Papers”. The leaked documents detail the operations of a Panamanian law firm and its clients’ shell companies. Creating an offshore business entity is not illegal in the jurisdiction in which it is registered. … [Read more...]