Israel halts tax transfer to Palestinians
Israel will not transfer tax and tariff funds its collects for the Palestinians this month in response to their successful bid for upgraded UN status, Finance Minister Yuval Steinitz said yesterday.
“I have no intention of transferring the taxes due to the Palestinian Authority this month. They will be used to pay the Palestinian Authority's debts to the Israeli electricity company," he said.
Every month, Israel transfers tens of millions of dollars in customs duties which are levied on goods destined for Palestinian markets, a source to the cash-strapped Palestinian budget.
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