July 12, 2021
1 min read

Israel cuts $183mn from Palestinian tax revenues

The security cabinet on Sunday decided to deduct 597 million shekels ($183 million) from funds that were supposed to be transferred to the PA…reports Asian Lite News

Israel’s security cabinet has decided to cut millions of dollars from tax revenues it collects on behalf of the Palestinian Authority (PA), according to a statement issued by the Prime Minister’s Office.

The security cabinet on Sunday decided to deduct 597 million shekels ($183 million) from funds that were supposed to be transferred to the PA, reports Xinhua news agency.

The cabinet said the funds are equal to stipends paid by the PA to the families of Palestinians jailed in Israel or killed while carrying out attacks against Israel.

According to a report prepared by the Defence Ministry and submitted to the cabinet, the PA transferred 597 million shekels to families of Palestinian prisoners in Israeli jails.

“These funds will be frozen on a monthly basis out of the payments that Israel transfers to the Palestinian Authority,” the cabinet said.

Israel says the stipends “encourage” Palestinians’ attacks against Israelis but the Palestinians say these are welfare payments for needy families.

In July 2018, the Israeli Parliament passed a law to deduct from tax revenues an amount equal to what the PA pays to families of prisoners.

ALSO READ: Netanyahu moves out of PM’s residence after 12 years


Previous Story

Abu Dhabi Ports unveils Star Rating Programme

Next Story

Cuban President blames US for stoking unrest

Latest from -Top News

India Hits $1 Trillion FDI Milestone

Between April 2014 and September 2024, India attracted USD 709 billion in FDI, accounting for 69% of the total inflows since 2000. India has reached a remarkable economic milestone, with Foreign Direct

Maha Kumbh 2025: Festivities Begin

Women participated in a special Ganga Aarti at the Triveni Sangam in Uttar Pradesh’s Prayagraj earlier. The ritual also served as a rehearsal for the upcoming Kumbh Mela. The festivities for Maha
Go toTop

Don't Miss

Netanyahu Seeks US Tools to End Hostage Situation

Many Democrats skipped the meeting in protest and thousands of

Over 123,000 Displaced in Gaza Amid Israel-Hamas Conflict

As fighting rages between the two sides, at least 493