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(Ha'aretz) Barak Ravid and Jack Khoury - Israel and the Palestinian Authority reached a compromise agreement on Friday that will end the crisis regarding the tax revenues withheld by Israel in response to the Palestinian effort to join the International Criminal Court. The initial transfer of 1.5 billion shekels - minus 500 million shekels to pay Palestinian debts to the Israel Electric Company - represents the tax revenues collected for the months of December, January and February. Tax revenue during March and April amounts to an additional 1 billion shekels, 850 million of which will be transferred to the PA, with the rest used to further offset Palestinian electricity debt.2015-04-20 00:00:00Full Article
Israel, Palestinian Authority Reach Compromise over Frozen Tax Revenue
(Ha'aretz) Barak Ravid and Jack Khoury - Israel and the Palestinian Authority reached a compromise agreement on Friday that will end the crisis regarding the tax revenues withheld by Israel in response to the Palestinian effort to join the International Criminal Court. The initial transfer of 1.5 billion shekels - minus 500 million shekels to pay Palestinian debts to the Israel Electric Company - represents the tax revenues collected for the months of December, January and February. Tax revenue during March and April amounts to an additional 1 billion shekels, 850 million of which will be transferred to the PA, with the rest used to further offset Palestinian electricity debt.2015-04-20 00:00:00Full Article
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