Banks urge Americans to close investment accounts in Israel
".. Obedient to intensifying U.S. government pressure to crack down on offshore tax evaders, in January Israeli banks began ordering clients they identify as "Americans" or "U.S. tax residents" to close investment accounts they hold in Israel. It is apparently an anticipatory measure, ahead of changes in U.S. law. Local banks are apparently responding to changes in American regulations as their legal counsels interpret them. .."
Thanks, as a reporting issue, that makes complete sense. There are plenty of “US” banks in Israel, just like there are Israeli banks in the US. Someone may have to move their account across the street. Tax evaders, a different problem, which I don’t much care about.
Thank you for posting that link.