3 days ago - Levi-Lati sat down with the Post to discuss the growing Israel-China tech ... ZAG/Sullivan is a unique international law firm with offices in Tel Aviv, Boston, New York, Washington and London, as well as a practice in China.
4.1 U.S. Army Study: On Mossad; 4.2 Israeli espionage around 9/11; 4.3 After 9/11 – More ..... Odigowas later acquired by another Israeli company called Comverse. ... 60 detained suspects worked for the Israeli company AMDOCS which .... Under Goff, Ptech software - loaded with trapdoors and Trojan horses - was sold .. Even though Google has allowed Israel to stealpersonal data of Americans through its own collusion and to censor searches unfavorable or truthful about Israeli activities in the U.S. and even though its youtube also removes videos of investigative reporting about Israel it invests more American shareholder money to support Israerli companies rather than investing in American Israel free alternatives.Thus it also invests in and supports Israel's anti-Palestinian apartheid and terrorism.
Google's goal for Israel in the next three years is to play a meaningful role in the “lives” of 6,000 local startups, according to Matthew John Brittin ..
China Needs Tech,Thanks To Trump Israel Can Steal It From U.S.:ZAG/Sullivan International Law
9/11:Israel,Trump,ZAG/Sullivan International Law Sreal Tech For China
CONSIDER THE CHUTZPA,EVEN THOUGH ZAG/Sullivan International Law Firm. HAS OFFICES IN THE U.S. AND OF COURSE ISRAEL AND THE ZIONIST CONTROLLED CITY OF LONDON AND JEW YORK,THEY USE THE JERUSALEM POST TO FLAUNT U.S. LAW AND CONTRADICT ISRAELI PUPPET TRUMP AND HINT THAT CHINESE CAN GO AROUND THE U.S. GOVERNMENT AND TRUMP'S TRADE BLOCKADE AND MAKE DIRECT DEALS THROUGH THEMSELVES WHO REPRESENT THE ISRAELI GOVERNMENT AND U.S. TECH STOLEN AND HOUSED IN ISRAEL SUCH AS THE TRAITORS OF INTEL,GOOGLE,AND SO MANY MORE WHO SHPULD DEMANDED TO LEAVE AND RE INCORPOATE IN THE U.S. OR HAVE ALL THEIR BANK ACCOUNTS FROZEN AND ASSETTS AND INFRASTRUCTURE CONFICATED AROUND THE WORLD IN THE NAME OF THE U.S. TAXPAYERS THAT TRUMP SEEING AS HE ISN'`T ONE CERTAINLY DOESN'T REPRESENT !
It should no longer be a secet that Israel and international financial elites are the owner4s of the traitor Donald Trump who lied about getting to who did 9/11 during his election campaign and then began lieing about Arabs doing it and celebrating in New Jersey and New York when it is already known it was Israelis using a moving company as a cover and after they were freed by the U.S. and
Michael Chertoff actually bragged about it in Hebrew on Israeli TV !
AND BESIDES THE NERANYAHUCONNECTED MOSSAD OR SHIN BEIT OFFICERS AND CONVICTED IN ISRAEL CONVICTED FELON MENACHEM ATZMON WHO ALLOWED THE PLANES 11 AND 175 TO TAKE OFF AND ACCORDING TO W BUSH DICK CHENEY OFFICIAL CONSPIRACY STORY HIT THE WTC IN NYC AND EVEN SOMEHOW MAGICALLY BRING DOWN BUILDING 7 AS WELL,THIS GROUP THAT CLAIMED GREAT ISRAELI AIRPORT 'TECH' WAS INCORPORATED IN JOE BIDEN'S DELAWARE AND WERE FUNDED BY DEFRAUDING AMERICAN NASDAQ INVESTORS AND HAVE GOTTEN AWAY WITH IT NOT BECAUSE THEY ARE GENIUSES BUT BECAUSE AMERICA HAS BEEN TAKEN OVER AT THE HIGHEST LEVELS OF GOVERNMENT BY THEM ! THE OWNER OF THE MOVING COMPANY EVEN RETURNED TO THE U.S. BUT INSTEAD OF
STAYING THERE HE WENT TO CALIFORNIA WHERE HE IS EMPLOYED IN PART BY GOOGLE ! AND GOOGLE CENSORS US NOT BECAUSE WE ARE RIGHT WING OR EVEN ANGTI-JEWISH BUT BECAUSE WE LOVED OUR COUNTRY WHICH THEY DESTROYED !
SME OF THOSE INVOLVED IN THE VERY SUSPECT ISRAELI TECH OR 'IT' COMPANIES THAT PULLED OFF 9/11 ARE ACTUALLY LAST TIME I HEARD EMPLOYED BY THE NSA TO SPY ON US !AND THE FACT THAT JEWISH ZIONISTS OWN AND CONTROL THE U.S.STOCK MARKET IS THE SIMPLE HOW AND WHY THEY CAN PENETRATE AT THE HIGHEST LEVELS OF U.S. GOVERNMENT AND PUT ISRAELI TERRORISTS INTO POWER
WITHIN WHAT IS NOW THEIR GOVERNMENT AND NOT OURS !
4.1 U.S. Army Study: On Mossad; 4.2 Israeli espionage around 9/11; 4.3 After 9/11 – More ..... Odigowas later acquired by another Israeli company called Comverse. ... 60 detained suspects worked for the Israeli company AMDOCS which .... Under Goff, Ptech software - loaded with trapdoors and Trojan horses - was sold ...
Sep 27, 2013 - On 9/11, Israeli politicians and “terror exports” like Ehud Barak and Benjamin Netanyahu ... Has capability to target US forces and make it look like a Palestinian/Arab act ... Odigo: Forewarned Israelis to stay away hours before the attack. ... Comverse, the biggest of many Israeli spying companies embedded .
China Needs Tech,Thanks To Trump Israel Can Steal It From U.S.:ZAG/Sullivan International Law
Sullivan manages a substantial amount of legal work for Israeli companies and U.S. companies with Israeli interests through ZAG/Sullivan — the world's only
IVC Research Center and ZAG/Sullivan Q2/2019 Israeli High-Tech Capital Raising ... Sullivan Named Best Law Firm of the Year at Trade Finance Awards for ..... Trump, Kushner, LeFrak could potentially benefit from federal 'opportunity zones
3 days ago - Levi-Lati sat down with the Post to discuss the growing Israel-China tech ... ZAG/Sullivan is a unique international law firm with offices in Tel Aviv, Boston, New York, Washington and London, as well as a practice in China.
Many of these Israeli companies with global ambitions currently operate in the US. When asked if this presented a problem, given the ongoing trade war between the US and China, Levi-Lati explained that while the US-China relationship is complicated, Israeli companies have so far not been negatively affected.
“Because of the trade war, you see less Chinese investment in the US, but we are seeing more and more interest in China toward Israeli companies,” she said. “China sees Israel as a country of innovation.”
She added that recent years have also seen more and more direct flights from China to Israel.
“You might not think this is a big deal, but you see a lot more Chinese delegations coming to Israel. Many come to Israel to window-shop, but you also see more and more Chinese investments in Israel as a result,” she said.
As such, she explained that while Israeli companies traditionally received funding from the US, today the trend is to go to China for funds....... - Jerusalem Post
CHINA NEEDS TECHNOLOGY AND ISRAEL CAN PROVIDE IT - HERE'S HOW
Levi-Lati sat down with the Post to discuss the growing Israel-China tech relationship, Chinese investment in Israeli start-ups, and challenges facing Israeli companies doing business with China.
ny Israeli company that wants to go global will have to penetrate China, Tehila Levi-Lati, partner and head of the China and East Asia practice at ZAG/Sullivan International Law Firm recently told The Jerusalem Post. Levi-Lati recently sat down with the Post to discuss the growing Israel-China tech relationship, Chinese investment in Israeli start-ups, and the challenges facing Israeli companies doing business with China.
ZAG/Sullivan is a unique international law firm with offices in Tel Aviv, Boston, New York, Washington and London, as well as a practice in China. The firm is a powerhouse when it comes to advising hi-tech and life sciences start-ups doing business in Israel, the US and China. “We started our activity in China 17 years ago, when the business relationship between Israel and China wasn’t so clear, but even then we saw the major potential in the economic partnership between the two countries – one that today is quite clear,” Levi-Lati said. “There are more and more Israeli companies doing business in China, and vice versa as well, with Chinese investing in Israeli companies.” As such, the firm is ideally situated to help Israeli start-ups and businesses break into the hard-to-penetrate Chinese market as well as secure Chinese investment for Israeli companies. According to Levi-Lati, a decade ago the relationship was mostly one-directional, with Israeli companies trying to enter the Chinese market, so that money was only going into China via foreign direct investment. “Today, the world is different and, with the launch of China’s Go Global reform, we’ve seen money coming out of China, with Chinese companies investing in Israel and bringing back Israeli tech to China,” she said.
Still, she added, there are a lot of limitations and restrictions for Israeli companies working within China. “In 2016, the Chinese tightened regulation, making it more difficult to do outbound investment; but China needs new technology, and so they began forming joint ventures – the new trend between Israel and China.” According to Levi-Lati, joint ventures are a means for China to attract Israeli companies – the Chinese bring the money, and the Israeli companies bring the technology. “It’s the favorite structure for Chinese companies because the Chinese are able to bring tech back into China, and the money still stays in China. For the Israeli companies, it is more challenging, especially if they cannot secure also direct investment in their company, but they have an opening into the Chinese market,” she said. THE CHINESE market is notoriously difficult to penetrate, Levi-Lati explained. There are lots of barriers, and if companies want to enter the market independently, they need “deep pockets” and patience. “In the last few years, we have assisted a few Israeli biomedical companies to open their activity independently in China, and with the right guidance and with a long-term plan, it is successful.” “Finding the right partner is very difficult, and one of the main problems in China is transparency, as is maintaining control in the business and dealing with cultural differences,” she said. “Partners are also customers, distributors or companies you cooperate with. This is where our law firm can assist, because we understand the culture and we can do due diligence, which is the most important thing in China.” This past year alone, ZAG/Sullivan helped nearly a dozen Israeli companies penetrate the challenging Chinese market. “We see big potential in China-Israel business relationships, and sometimes Israeli companies are hesitant to enter the Chinese market and to cooperate with Chinese investors; but China is a huge market, and even now, a company that wants to be global won’t be global unless they are in China,” she said. Many of these Israeli companies with global ambitions currently operate in the US. When asked if this presented a problem, given the ongoing trade war between the US and China, Levi-Lati explained that while the US-China relationship is complicated, Israeli companies have so far not been negatively affected. “Because of the trade war, you see less Chinese investment in the US, but we are seeing more and more interest in China toward Israeli companies,” she said. “China sees Israel as a country of innovation.” She added that recent years have also seen more and more direct flights from China to Israel. “You might not think this is a big deal, but you see a lot more Chinese delegations coming to Israel. Many come to Israel to window-shop, but you also see more and more Chinese investments in Israel as a result,” she said. As such, she explained that while Israeli companies traditionally received funding from the US, today the trend is to go to China for funds. “If you look at our clients alone, six years ago none had a Chinese investor, and today around 50% have Chinese investments,” she said. “The only problem is that Chinese investors prefer to invest in more mature companies and not in seed investments.” Still, she said that while Israel has seen Chinese investments in a number of areas, including in infrastructure, there is currently great interest in big data, artificial intelligence and the biomedical industries. “China is always thinking long term. Sometimes you don’t understand their short-term aim, but it always makes sense in the long term,” she said. “We see major potential for the Israel-China relationship, and it’s important that companies know how to take advantage of this growing partnership, using the right advisers to help them break into the country and to seek investments.” This article was written in cooperation with ZAG/Sullivan International Law Firm. ........................................ Trump,Ivanka,Kushner,Mnuchin Treasury Use Opportunity Zone Law for poor communities to self deal and enrich themselves
Dec 12, 2018 - Trump, Kushner, LeFrak could potentially benefit from federal 'opportunity zones'. The “opportunity zone” program was meant to help “economically .... being generated by President Trump's economic policies," Mnuchin said.
Dec 14, 2018 - Republicans badly want to use Opportunity Zones to show voters they care about poor people. ... adviser Jared Kushner and Trump's close friend Richard LeFrak all had ... Ivanka Trump, another White House adviser and Kushner's wife, ... Hill meeting where Treasury Secretary Steven Mnuchin was making ...
Dec 11, 2018 - The Opportunity Zone program promoted by Ivanka Trump and her husband ... Trumpand Kushner jointly own a big stake in a real estate investment .... but Treasury Secretary Steve Mnuchin has estimated the zones would ...
Apr 12, 2019 - A trailer park that helped the site qualify as an opportunity zone may gain ... Mnuchin, there to explain a key piece of President Donald Trump's ...
Mar 14, 2019 - Steve Wynn Met With Treasury Officials About Opportunity Zones After Stock Sale ... Mr. Mnuchin stopped by the meeting to greet Mr. Wynn, according to a copy of the ... Trump, Kushner, LeFrak could potentially benefit from federal 'opportunity ... Russia-born executive to testify about Trump Moscow project ..
Trump, Kushner, LeFrak could potentially benefit from federal 'opportunity zones'
The “opportunity zone”program was meant to help “economically distressed” areas — but some zones include affluent neighborhoods.
By Laura Strickler and Stephanie Ruhle
WASHINGTON — The Trump Organization, the family real estate interests of presidential son-in-law Jared Kushner and Trump friend Richard LeFrak, a New York developer, could all benefit from a new federal program that has designated "opportunity zones" in "economically distressed" areas around the country and offers tax benefits for developers.
Kushner's family already owned real estate on the Jersey Shore, but spent an extra $13.15 million in Long Branch after the area was deemed an opportunity zone by the Treasury Department in April according to Bloomberg News. The Trump Organization was already planning a hotel redevelopment in Greenville, Mississippi, with a partner, but that project is in an area that was declared an opportunity zone in April and could now be eligible for the tax break.
The Trump Organization's partner in Mississippi, Suresh Chawla, told NBC News his firm was unaware of the designation and not planning to participate.
Kushner also has existing properties in two Maryland opportunity zones, while the Trump Organization owns a New Jersey golf course inside another. Kushner's family company and the Trump Organization did not respond to requests for comment.
Richard LeFrak has a $4 billion, 183-acre massive development called SoLe Mia in North Miami that is now right in the middle of a zone. As a new project it could also qualify. Lefrak's spokesperson did not respond to a request for comment. LeFrak is a longtime associate of Trump's who has spent time with him at Mar-a-Lago. According to the New York Times, Trump asked LeFrak to build the border wall.
President Donald Trump will tout the program in an event to be held at the White House Wednesday.
The program, created by the 2017 tax bill and run by the Treasury Department, allowed state governors latitude to name 8,700 areas as opportunity zones. All the zones were certified by Treasury in April 2018. The excitement in the investor community has been balanced by a growing unease among housing and economic development experts that the program lacks government oversight.
A White House spokesperson told NBC News that reporting requirements are a work in progress. The spokesperson said a new council headed by HUD Secretary Ben Carson will determine “what data and by what means it can be collected and analyzed to measure the success of Opportunity Zones.”
Donald Trump, Karen LeFrak, Melania Trump and Richard LeFrak attend an American Ballet Theatre event in New York in 2007.Joe Schildhorn / Patrick McMullan via Getty Image
For its part, the Chamber of Commerce has been enthusiastic about the program, "This program is another way tax reform delivered on its promise to create jobs and improve lives for all Americans," said Chamber Vice President Caroline Harris in an emailed statement to NBC News. "The Chamber is strongly encouraged by recent regulatory guidance and looks forward to continue working with Treasury to maximize economic growth potential from this initiative."
Now that Treasury has certified the zones, developers are encouraged to plow their capital gains into those neighborhoods. Investors pay reduced rates on capital gains invested in the zones, and can qualify to have capital gains realized within the zones exempt from taxes altogether.
Real estate experts are already seeing a bump in some property values.
A cashmere pop-up store in the Brooklyn DUMBO neighborhood designated as an "economically distressed" opportunity zone by the U.S. Treasury.Hannah Rappleye / NBC News
Critics have noted that some of the designated zones were already on the upswing, and they say a generous program meant to steer billions to low-income neighborhoods might instead concentrate investments in gentrifying communities like Brooklyn and Miami.
For example, a two-bedroom condo in Brooklyn Heights with a private garden selling for more than $700,000 is in a zone and — according to the Treasury — in an "economically distressed" community. The median home sale price in Brooklyn Heights, which is one subway stop from Manhattan's Financial District, is now more than $2.3 million, according to Trulia.
The tax legislation said that only census tracts with poverty rates at 20 percent or above could qualify. But almost a fifth of the zones were certified by the Treasury Department through provisions that allowed wealthier zones to be designated, according to an analysis by the Brookings Institution.
As a result, some zones are in places not usually associated with the phrase "economically distressed," such as downtown Charleston, South Carolina, or a zone in West Palm Beach.
The latest figures show $15 billion in new investments is already anticipated.
"I think the whole thing is painting a picture of a program which will benefit areas that are already attracting investment capital," said Jim Costello, an economist for Real Capital Analytics, a firm that has run a baseline analysis on existing development in the zones.
The zones were chosen by state governors with wide discretion. Only 25 percent of eligible zones got the nod. For example, in Kentucky seven of the 18 poorest census tracts in Louisville were not chosen, according to Tim Weaver, an assistant professor at SUNY Albany who wrote a book on the effectiveness of Empowerment and Enterprise Zones.
Work continues on a new section of the Pier Village development in Long Branch, New Jersey, on March 5, 2018. The federal government has been advising on plans to start a ferry service that would take New Yorkers to a resort co-owned by Jared Kushner.,Seth Wenig / AP file
"If the key goal was to reduce poverty this was not the proper vehicle," said Weaver. "It's like opening a fancy restaurant and giving the leftovers to the poor."
The Kentucky Cabinet for Economic Development shared a statement with NBC News saying to select their state's zones they used a mapping tool and formally invited input from local stakeholders for consideration.
In Maryland, a spokesperson for Gov. Larry Hogan said the governor's office received suggestions from 12 counties as well as local officials and developers. The spokesperson said all of the state's zones are low-income.
In New Jersey, "the selection of the zones was done through an objective, transparent and rigorous process based on a formula," said a spokesperson for Gov. Phil Murphy, adding that the governor's office weighed income, unemployment rates and existing neighborhood investments.
A street in downtown Greenville, Mississippi, where the Trump Organization is planning hotel redevelopment, on Sept. 25, 2017.Lee Powell / The Washington Post via Getty Images
Current property owners in zones might also see a boost in property values, "The owners of these assets might see a bit of a windfall even if they do not go through the whole process to redevelop and deploy capital from a qualified fund themselves," says Costello. "Suddenly the assets may look a little more valuable given the fact that there are more potential buyers looking at these areas."
The Kushner family and the Trump Organization can't take direct advantage of the tax break for the properties they owned in New Jersey and Maryland before the tax bill passed. However, if they had pre-existing permits to build a new development on the property, then they could start an opportunity zone fund to build and operate the building and that structure could qualify, according to tax experts.
For outside investors, property inside the zones may become more attractive.
For example, an investor could build a new restaurant on Trump's golf course as a separate business and that could qualify.
"This is a way to avoid having to ever recognize gain on an accretion of wealth," said Jay Darby, a tax expert from the Sullivan and Worcester law firm, at an investor forum. "It's a huge deal. It's not a big deal, it's a huge deal."
The legislation includes no guarantees that the investments will benefit the community. For example, Adam Looney, a senior fellow in economic studies at Brookings, says the rules would permit an investor to buy 500 acres that had an outhouse on it, double the value of the outhouse and thus qualify the investment as a tax shelter.
Trump National Golf Club Philadelphia in Pine Hill, New Jersey.Trump National Golf Club Philadelphia
For their part, Trump administration officials are maintaining extreme optimism.
Treasury Secretary Steve Mnuchin expects $100 billion in new investments, according to an agency press release. "We want all Americans to experience the dynamic opportunities being generated by President Trump's economic policies," Mnuchin said.
HUD Secretary Carson is so confident he often raises the opportunity zone program as a solution to the affordable housing crisis.
At a March hearing, when Carson was asked about a lack of ongoing repairs to crumbling public housing, he responded by talking about the tax benefit. "You are able to actually pool this capital and that will work extremely well," he said. "And we will already be involved in HUD with many of these redevelopment programs and will be able to guide that funding."
But there's no indication the government will collect or publish who is investing, what kind of investments are taking place or who the program will impact, according to the Treasury Department, the legislation does not require it.
Housing and Urban Development Secretary Ben Carson stands in an empty apartment in a HUD funded complex in Aurora, Colorado, on July 30, 2018. Carson visited the area to discuss the opportunity zones created by a Trump administration tax bill to spur investment in the area.Philip B. Poston / AP file
"I'm taking a wait-and-see attitude," said Terry Beach, economic development director for St. Clair County, Illinois, which includes the economically depressed city of East St. Louis. Zones in his county will compete with zones in neighborhoods in Los Angeles and New York. Beach said he recently met with a White House staffer to pitch ideas as to how the program could benefit residents who live in the zones as well as the businesses who invest.
Some low-income housing advocates are doubtful, "Unless the Treasury Department quickly establishes regulatory guardrails, there is no guarantee that low-income people will benefit in any significant way — if at all — from opportunity zones," said Diane Yentel, president of the National Low Income Housing Coalition.
Sen. Cory Booker, D.-N.J., says the bill was supposed to have reporting requirements.
Booker wrote the original bill with Sen. Tim Scott, R.-S.C., which called for annual data to be collected on the program starting five years after the bill passed.
"As a result of the rushed partisan process to pass the Republican tax bill last December, critical safeguards included in the underlying legislation were dropped," the senator said in a statement emailed to NBC News. "Now [the Treasury Department] must restore and expand upon those guardrails and transparency measures included in the underlying legislation. … [W]e need some basic levels of transparency and reporting."
Treasury is expected to propose a second set of regulations in the coming months.
A Treasury official tells NBC News that a regulatory hearing on the program is planned for Jan. 10. "We will carry out the same careful and expeditious process for the second set of proposed regulations," said the official.
An "economically distressed" neighborhood in Brooklyn according to the US Treasury where a 2-bedroom condo is $700,000.Hannah Rappleye / NBC News
But Booker is not confident Treasury will put the reporting requirement back in and if Treasury doesn't act, he says he will introduce legislation to fix the bill.
Tax lawyers have already found a workaround to one of the program's few restrictions.
The bill rules out "sin" businesses like liquor stores, massage parlors and tanning salons but according to tax experts, there's currently nothing to stop an investor from building or renovating a structure and renting to those businesses. That means a low-income neighborhood chosen as a zone could now be dotted with a new smattering of undesirable storefronts.
"These funds should be accountable for what happens in these communities," said Lori Chatman, senior executive vice president of Enterprise Community Investment, a developer of affordable housing. "We are giving up something as taxpayers — we feel like we should have the benefit of understanding how communities are benefiting from that and right now there is no reporting."
A White House spokesperson told NBC News, "Treasury and the White House are still working through all the implementing regulations for Opportunity Zones. We understand the intent of the legislation and will continue to work through these types of details."
The governor of Mississippi did not respond to requests for comment.
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