Taxes – Channel 613

President Trump Confirms March 4 Tariffs on Mexico and Canada; Additional Levies on China

By Channel 613 | February 27, 2025 - 2:33 pm |

President Donald Trump has reaffirmed that the United States will implement a 25% tariff on all goods imported from Mexico and Canada, effective March 4, 2025. This action aims to address the persistent influx of illicit substances, particularly the potent opioid fentanyl, into the country. Additionally, an extra 10% tariff on Chinese imports is set…

New “Wealth Tax” Targets Eretz Yisrael’s Richest

By Channel 613 | January 1, 2025 - 11:42 am

Beginning today, January 1, 2025, a new law has come into effect in Eretz Yisrael, requiring the country’s wealthiest households to pay additional taxes. The Ministry of Finance introduced this measure to reduce the national deficit, especially in the wake of the recent war. This “rich tax” targets the top 0.01% of families in Israel,…