Israel transfers over $1 billion in tax revenues to Palestinians

Dec 3, 2020

Israel has transferred extra than $1 billion in tax revenues it collects on behalf of the Palestinians, officers stated Wednesday, six months after the Palestinian Authority decrease off the monetary lifeline to recount Israel’s deliberate annexation of the West Monetary institution. 

Hussein al-Sheikh, the Palestinian Authority’s civil affairs minister, tweeted Wednesday that “the #Israeli authorities transfers all monetary dues of the clearance to the account of the #Palestinian Authority, amounting to three billion and 768 million shekels.” 

The Israeli authorities collects tax revenues on behalf of the Palestinian Authority in the West Monetary institution below an plan spelled out in the Oslo accords. With every switch, Israel deducts a sum equal to what the Palestinian Authority pays monthly to Palestinians who’re jailed for terrorist process in Israel and their households. 

Palestinian leaders stated they would no longer get the earnings transfers from Israel in Could presumably presumably merely, in recount of Prime Minister Benjamin Netanyahu’s deliberate annexation of neat parts of the West Monetary institution, an house that the Palestinians envision as phase of their future fair mumble. 

Critics of the switch stated usual Palestinians suffered the penalties. With out the funds, which signify about 60% of the Palestinian Authority’s worth range, the Palestinian leadership has struggled to pay the salaries of tens of hundreds of public-sector staff. 

Netanyahu’s annexation plans had been placed on buy in August as phase of Israel’s US-brokered normalization agreements with the United Arab Emirates and Bahrain. Two months later, the Palestinian Authority announced it may maybe presumably be resuming civil and safety cooperation with Israel. 

Reuters experiences that Palestinian Prime Minister Mohammad Shtayyeh stated this week that his authorities would pay all 130,000 Palestinian staff their corpulent wages once the tax cash from Israel used to be got. 

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