ReutersJERUSALEM - Israel said on Friday it would release millions of dollars of tax income to the Palestinian Authority, three months after freezing the payments in protest at unilateral Palestinian moves towards statehood.
Prime Minister Benjamin Netanyahu's office said the funds would be sent for humanitarian reasons and "Israel's interests", without saying whether the transfer would be repeated.
The move may be seen as a bid to rebuild bridges, particularly with the White House which criticized hawkish comments about the Palestinians that Netanyahu made in the build-up to his election victory this month.
Israel stopped the monthly transfer of $130 million of tax and customs duties that it collects on behalf of the Palestinian Authority in January after the organization applied to join the International Criminal Court.
Since then, more than $500 million has been withheld, prompting the Palestinian Authority, which administers the West Bank, to cut most of its employees' salaries by 40 percent and resort to an emergency budget.
With the deficit already at around 15 percent of GDP and the tax transfers accounting for two-thirds of income, the budget is falling into a deeper hole every month. Unemployment stands at 25 percent and output is set to contract this year, sharply increasing the threat of instability and violence.
There was no immediate comment from the Palestinian Authority.
Read more: http://www.businessinsider.com/r-israel-says-to-transfer-frozen-tax-revenue-to-palestinians-2015-3#ixzz3VbV5HEVh
4 comments:
They have led the same life-style for the past 4,000 years. Do you think that Democracy-in Action as per U.S.A. Govt is going to change their way of life? Think again Camel Jockeys .
There is no such thing as a Palestinian. In the Middle East, you are either an Arab or a Jew...period. When I was stationed years ago at Fort Bliss, Texas, the Israeli soldiers and Arab soldiers were trained in separate buildings because the Arabs were so fucking stupid; that it took much more time and patience to get it through their fucking thick skulls. Arabs are morons.
That is why they are referred as Camel Jockeys".
Democracy is a very bad form of govt. So far, it' the best we have found.
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