(Globes) Zeev Klein - Israel's transfer of tax revenues to the PA has not been delayed by recent security incidents. Israel transfers an average of NIS 150 million a month, or NIS 1.8 billion in annual terms, in tax revenues to the PA, after the settling of accounts. Israel has so far withheld NIS 850 million in PA tax revenues, under orders and guidelines from Israeli courts, to pay for debts by the PA and Palestinian businesses to Israeli companies. The withheld money is released on a case-by-case basis after detailed and specific approval by Israeli courts.
2004-03-26 00:00:00Full ArticleBACK Visit the Daily Alert Archive