From the Liveblog of
Monday, April 20, 2015
Israel transfers withheld tax money to PA
Add ToI as a Preferred Source on GoogleIsrael transfers to the Palestinian Authority NIS 2 billion (c. half a million dollars) of tax money it collected on behalf of the PA but withheld for the last four months.
Israel Radio reports that the final agreement on transferring the funds was made over the weekend by the Coordinator of Government Activities in the Territories Maj. Gen. Yoav Mordechai and his Palestinian counterpart Hussein al-Sheikh.
The Israel Electricity Corporation withdrew an appeal to the High Court of Justice in which it demanded that Israel subtract from the withheld funds a sum equal to the PA’s debt to the IEC. Justice Menahem Mazuz ruled that the IEC has no right to demand this.
The PA previously refused to accept a transfer of part of the withheld funds after a deduction for the debt. At the time, Qatar announced it would give the PA $100 million to prevent it from collapsing.
The Times of Israel Community.