December 12, 2019

Broadcom will not pay NIS 150 million in taxes.

Gornitzky represented Broadcom in an appeal filed with the District Court in Lod regarding the Israel Tax Authority’s demand that the company pay an additional tax in an amount exceeding NIS 150 million in connection with its acquisition of Dune.
Judge Dr. Shmuel Bornstein rejected the tax authority’s claim that Broadcom emptied Dune of its assets, and therefore made inapplicable the assessment that determined that Broadcom should be taxed for changing Dune’s business model.

Broadcom was represented by Partners Daniel Paserman (CPA), Head of Tax at our firm, Shlomo Aviad Zider, and Shirin Gabbay-Metzger together with associate Adi Haya Raban.

For further reading (Calcalist):

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