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Keyword: trumprepatriation

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  • THOUSANDS OF ISRAELI AMERICANS TO BE HIT BY TRUMP CORPORATE REPATRIATION TAX

    02/14/2018 8:34:36 PM PST · by aimhigh · 20 replies
    Jerusalem Post ^ | 02/14/2018 | MAX SCHINDLER
    Thousands of Americans living in Israel are likely to get ensnared by a onetime corporate repatriation tax that the US Congress had intended to apply to Apple and Google, not individuals. Tax experts contacted by The Jerusalem Post warned that Israeli Americans who self-incorporated – setting up Israeli corporations to avoid paying taxes on the self-employed such as US Social Security – would be subject to a onetime tax on 30 years of profits accumulated in their Israeli corporations – from January 1, 1986, to December 31, 2017.