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(Times of Israel) Aaron Boxerman - The Palestinian Authority on Wednesday said it will no longer accept tax revenue transfers from Israel as it pushes to end coordination with Israel. In 2019, tax revenues transferred to the PA by Israel accounted for 60% of the Palestinian budget. The PA lacks an international port of entry, meaning all goods entering and exiting the West Bank must pass through Israel. According to the 1994 Paris Protocol, Israel is responsible for levying taxes on imports and exports before transferring the funds to the PA. The PA's decision also calls into question a recent NIS 800 million loan by Israel to the PA to help it weather the financial damage of the coronavirus crisis.2020-06-04 00:00:00Full Article
Palestinian Authority Refuses Tax Transfers from Israel
(Times of Israel) Aaron Boxerman - The Palestinian Authority on Wednesday said it will no longer accept tax revenue transfers from Israel as it pushes to end coordination with Israel. In 2019, tax revenues transferred to the PA by Israel accounted for 60% of the Palestinian budget. The PA lacks an international port of entry, meaning all goods entering and exiting the West Bank must pass through Israel. According to the 1994 Paris Protocol, Israel is responsible for levying taxes on imports and exports before transferring the funds to the PA. The PA's decision also calls into question a recent NIS 800 million loan by Israel to the PA to help it weather the financial damage of the coronavirus crisis.2020-06-04 00:00:00Full Article
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