Israel will withhold around $43 million in tax handovers to the cash-strapped Palestinian Authority over its financial support for the families of slain or wounded Palestinian militants. More here: by DanWilliams
JERUSALEM - Israel will withhold around $43 million in tax handovers to the cash-strapped Palestinian Authority over its financial support for the families of slain or wounded Palestinian militants, the Israeli security cabinet said on Sunday.
Under interim peace deals from the 1990s, Israel collects taxes on behalf the Palestinians, who put the current sums at $222 million a month. With diplomacy stalled since 2014, Israel has at times withheld money as a measure of protest or pressure. “This will cost us a lot,” Abbas told members of his Fatah party in the Palestinian hub city of Ramallah. “But we have rights and we will not be afraid.”
The total amount of money withheld now equals some 6.8% of tax funds due to the PA. The full remittances make up around half of the budget of the PA, which exercises limited self-rule in the Israeli-occupied West Bank.
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