Israel allocates withheld Palestinian tax revenues to settle electric company debt
JERUSALEM, Jan 12 – Israel will use Palestinian Authority (PA) tax revenue to settle a 1.9 billion shekel ($544 million) debt to the Israel Electric Company (IEC). Finance Minister Bezalel Smotrich announced this during Sunday’s cabinet meeting. Israel collects taxes on goods entering the West Bank for the PA under a longstanding agreement. Smotrich withheld […]
