60-second interview with Daniel Paserman

Daniel Paserman, 3/6/2019

Daniel Paserman TEP is a partner at Gornitzky in Tel Aviv, Israel.

What does your firm do?

Gornitzky covers multiple areas of law and is well-known in Israel.

What has STEP done for you, individually, or as a business?

For the past few years, I have served as the secretary of STEP Israel, a position that gives me the opportunity to interact with members around the world. I organise the STEP Israel annual conference, a forum that facilitates the interaction between professionals and academics in the field of private clients.

What is the most important thing STEP does, in your opinion?

STEP brings greater awareness to the field of private clients as a specialty in itself, and one that requires legal knowledge, business understanding and interpersonal relationships.

You are involved in the STEP Israel Annual Conference this month. What will you be covering, and what are the main issues?

I will be leading three different panels on the topics of criminalisation of tax law; taxation of high-net-worth individuals; and recession, budget deficit, and tax policy. The panels will focus on tax policy and tax practice in Israel and around the world.

What do you most like about your job?

Beyond the intellectual challenge, I enjoy the interaction with clients. In addition, our work crosses over into a variety of fields relating to many jurisdictions, so there is always something interesting and innovative.

.. and what do you feel is most worthwhile?

The most interesting aspect of my work as a lawyer in the field of private clients – the opportunity to help people, make a difference for them and connect with them.

What would you say to a young person thinking of a career in this industry?

This is one of the most fascinating fields in the legal world, which will expose them to challenging and rewarding work, and the opportunity to work with a wide array of people.

Which sectors are likely to see the strongest future growth, do you think?

The hi-tech field, in all its aspects, is still the engine driving economic growth in Israel.

What about jurisdictions?

The offshore world is becoming to a certain extent irrelevant. Unless offshore jurisdictions reinvent themselves, they will cease to be utilised.

What trends do you see in the global private wealth sector at the moment?

Given the difficulties of dealing with banks and other financial institutions, we see a sizable growth in the services provided by family offices.

What do you feel are the main challenges facing practitioners at the moment, and how will you deal with them?

Compliance is the greatest and most threatening challenge of our time. The challenge of keeping up with, and meeting, global regulation and the exchange of information, presents difficulties when dealing with financial institutions, and creates impediments to the progress of the industry.

Which social media channels do you use and why?

We use social media, primarily focusing on professional groups. It is an efficient and professional tool for professional publicity.

Daniel Paserman (CPA) TEP  heads Gornitzky’s tax practice and serves as the Secretary of STEP Israel. Daniel advises private clients with respect to tax planning and family wealth planning and preservation. He advises new Israeli immigrants and returning residents regarding the tax and business ramifications of their relocation.