Israeli Court Rejects Challenge Of US Tax Data-Sharing Pact

Law360, Washington (September 14, 2016, 3:44 PM EDT) -- An Israeli Supreme Court panel has thrown out a challenge to a tax information-sharing agreement with the U.S. and removed a temporary block on the pact's implementation, rejecting arguments that the agreement violates the rights of Israelis.

The three-justice panel issued a brief ruling Monday rejecting the challenge, with a more detailed opinion to follow, while also lifting an injunction issued late last month that had barred Israeli officials from implementing the law facilitating the U.S. Foreign Account Tax Compliance Act among Israeli financial institutions. The statute had been contested on concerns that it violates rights to property and privacy, and...

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