Tax Havens and Israeli Tax Law

The recent reports that Benjamin Netanyahu held an offshore bank account in the tax haven of Jersey led to public discussions in Israel. See -

Tax Havens are Attractive for Israelis

Many Israelis are concerned if it is this going to become harder now to hold an offshore bank account. See also: TaxHavens, an interview on TLV1 Radio, The Cost of Doing Business, January 20, 2014