U.S., Europe Jews buying homes in Israel to escape their taxman
More foreign residents are buying property in Israel due to new limitations on European and American bank accounts.
The phenomenon of foreign residents buying homes in Israel, which has become increasingly prevalent in recent years, is not only because of Israel’s attractive real estate market. Another reason is new limitations on European and American bank accounts and the need to empty them so as to avoid pay taxes and fines on previously undeclared funds.
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