BREAKING NEWS

Steinitz: Israel should hold Palestinian taxes on UN bid

By REUTERS

SEPTEMBER 21, 2011 09:15

NEW YORK - Finance Minister Yuval Steinitz on Tuesday threatened severe financial ramifications if Palestinian Authority President Mahmoud Abbas makes good on a plan to request UN membership for a Palestinian state this week.

Steinitz, a close ally of Prime Minister Binyamin Netanyahu, said his government could stop collecting the 40 percent of the Palestinian Authority's budget through value added, excise and customs taxes.

"It is my view, there is no (Israeli) government decision, that if the Palestinians violated the very fundamentals of the peace agreement, we should reconsider delivering tax money to them," Steinitz said in an interview with Reuters.

Taxes that Israel collects on behalf of the Palestinian Authority total about 500 million Israeli shekels ($135 million) a month, Steinitz said.

Displaced Gaza border residents can return home in two-three years

By JERUSALEM POST STAFF

05/07/2024 03:59 PM

US repatriates 11 citizens from northeast Syria

By REUTERS

05/07/2024 02:58 PM

PA calls on US to 'intervene immediately' to prevent invasion of Rafah

By REUTERS

05/07/2024 02:11 PM

Ukraine catches Russian agents plotting Zelensky assassination

By REUTERS