Publications

GS Client Update – New Court Ruling Concludes no Sale of FAR in a Change of Business Model


December 15, 2019

The District Court recently ruled in favor of Broadcom Semiconductor Ltd. in its case against the Israel Tax Authority, and determined that changes to its business following its acquisition by the Broadcom group, should not result in a capital gain from the sale of FAR (functions, assets and risks). This ruling is contrary to a previous decision handed down by the same judge in 2017, in the Gteko case.
https://app.activetrail.com/S/eiwixjzezfz.htm