Israel Tax Authority is Looking to Collect from ICOs

It targets the blocking companies, who turn to wildly popular tokens sales to raise money. This comparable to the IRS, the Israeli tax authority has published draft legislation with the details of the proposed ICO tax, which raised more than $ 4 billion last year.

One of its taxes was compulsory; it also has an indication of maturity within the IOC balloon. To oppose the scenario of this two-sword sword, it opposes the more serious approach raised by China and South Korea in terms of tightening these hoaxes on regulation. It is calling for Israel to tax on the upcoming ICO for both the issuer and the investor.

Source - https://www.ccn.com/the-holy-land-to-impose-ico-tax/