Mercantile Discount Bank (Hebrew: בנק מרכנתיל דיסקונט בע"מ) is a major commercial bank in Israel and is a subsidiary of Israel Discount Bank. It is the sixth-largest bank in Israel.[citation needed]
In 2021, MDB and its parent company IDB reached a settlement of ₪343 million (A$137 million) with the Australian Taxation Office after allegedly conspiring with the Sydney-based Binetter family to engage in tax fraud.[4]
Referencesedit
^"Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
^Chenoweth, Neil (1 February 2021). "ATO wins $137m from Binetters' Israeli banks after 16-year pursuit". Australian Financial Review. Retrieved 29 July 2021.
mercantile, discount, bank, this, article, about, commercial, bank, israel, other, banks, with, similar, names, mercantile, bank, disambiguation, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations. This article is about the commercial bank in Israel For other banks with similar names see Mercantile Bank disambiguation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Mercantile Discount Bank news newspapers books scholar JSTOR December 2021 Learn how and when to remove this template message 32 04 22 62 N 34 47 21 41 E 32 0729500 N 34 7892806 E 32 0729500 34 7892806 Mercantile Discount Bank Ltd Company typePublicTraded asTASE DSCTIndustryBanking Financial servicesFounded16 September 1924 99 years ago 1924 09 16 as Palestine Mercantile Bank HeadquartersKirya Tower Tel Aviv IsraelProductsconsumer banking corporate banking finance and insurance investment banking mortgage loans private banking private equity savings Securities asset management wealth management Credit cardsParentIsrael Discount BankWebsitewww wbr mercantile wbr co wbr ilMercantile Discount Bank Hebrew בנק מרכנתיל דיסקונט בע מ is a major commercial bank in Israel and is a subsidiary of Israel Discount Bank It is the sixth largest bank in Israel citation needed Contents 1 Controversies 1 1 Involvement in Israeli settlements 1 2 Tax fraud affair in Australia 2 ReferencesControversies editInvolvement in Israeli settlements edit See also List of companies operating in West Bank settlements On 12 February 2020 the United Nations published a database of companies doing business related in the West Bank including East Jerusalem as well as in the occupied Golan Heights 1 Mercantile Discount Bank was listed on the database on account of its activities in Israeli settlements in these occupied territories 2 which are considered illegal under international law 3 Tax fraud affair in Australia edit In 2021 MDB and its parent company IDB reached a settlement of 343 million A 137 million with the Australian Taxation Office after allegedly conspiring with the Sydney based Binetter family to engage in tax fraud 4 References edit Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank A HRC 43 71 UN OCHA 12 Feb 2020 Retrieved 2021 09 12 UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory Office of the United Nations High Commissioner for Human Rights 12 February 2020 Retrieved 5 July 2021 S RES 2334 2016 United Nations Security Council 23 December 2016 Retrieved 5 July 2021 Chenoweth Neil 1 February 2021 ATO wins 137m from Binetters Israeli banks after 16 year pursuit Australian Financial Review Retrieved 29 July 2021 nbsp Banks portal Retrieved from https en wikipedia org w index php title Mercantile Discount Bank amp oldid 1214330778, wikipedia, wiki, book, books, library,
