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Finance & Markets

Cantor’s 9/11 Charity Day

On September 11th, 2001, Cantor Fitzgerald lost 658 employees in the World Trade Center attacks. Twenty-five years later, the firm has turned its worst day into one of Wall Street’s biggest days of giving. In this exclusive look inside Cantor’s New York trading floor, Chairman Brandon Lutnick and Executive Vice Chairman Kyle Lutnick explain how employees now waive a day’s pay for Charity Day,…

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Your Taxes: Israeli property flip ends with a costly VAT lesson

A recent Israeli court ruling offers a costly lesson for property investors: recovering VAT when buying a property can create a much larger VAT bill when plans change.

  • Israeli District Court rules property flip cannot be reversed
  • American LLC owned Israeli real estate entity
  • Full VAT of NIS 5.7 million applied to sale

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