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(Times of Israel) Jacob Magid - Norway has agreed to help facilitate the transfer of the Palestinian Authority's tax revenues, Oslo announced on Sunday. In the wake of Hamas' Oct. 7 terror onslaught, the Israeli cabinet refused to transfer the portion of the funds that Ramallah uses to pay for services and employees in Gaza, arguing that the money could reach Hamas. Protesting the move, the PA had refused to accept any of the tax revenues, which make up the vast majority of the PA's budget. Last month, Israel approved a framework under which the Gaza portion of the funds would be transferred to Norway, which would then hold them until Israel approved their release to the PA. 2024-02-20 00:00:00Full Article
Ending Standoff, Norway Accepts Israeli Framework for Transferring Tax Revenues to PA
(Times of Israel) Jacob Magid - Norway has agreed to help facilitate the transfer of the Palestinian Authority's tax revenues, Oslo announced on Sunday. In the wake of Hamas' Oct. 7 terror onslaught, the Israeli cabinet refused to transfer the portion of the funds that Ramallah uses to pay for services and employees in Gaza, arguing that the money could reach Hamas. Protesting the move, the PA had refused to accept any of the tax revenues, which make up the vast majority of the PA's budget. Last month, Israel approved a framework under which the Gaza portion of the funds would be transferred to Norway, which would then hold them until Israel approved their release to the PA. 2024-02-20 00:00:00Full Article
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