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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…

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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