Israel cuts tax payments to Palestinian Authority


Israel has suspended $100 million in tax payments to the Palestinian Authority.

Israeli officials had threatened to cut off payments entirely if Palestine was admitted into UNESCO, the United Nations’ cultural agency. Palestine was recognized as a state at UNESCO earlier this week over opposition from U.S. and Israel.

Palestinian officials announced Thursday that Israel had not transferred tax revenue for November. The funds are collected from customs, border and some income taxes and are usually transferred within the first three days of the month. 

Israel has yet to announce a public position on the tax payments, but an official, speaking on condition of anonymity, said that a “temporary hold” has been put in place “pending a final decision,” The Associated Press reported.

According to Palestinian Prime Minister Salam Fayyad, the PA uses that money to pay their employees and has had to borrow from local banks to make up for the loss of funds.

Holocaust Survivors To Receive Payments


Payments from a $1.25 billion settlement reached last year with several Swiss banks will start reaching Holocaust survivors by the second half of next year, according to the executive director of the World Jewish Congress.

Some details of the payout plan still need to be worked out by a U.S. District Court later this year, said Elan Steinberg. Details about eligibility are being spelled out this week in newspaper ads throughout the world, and applications must be submitted by Oct. 22.

Individuals who believe they are eligible may call (888) 635-5483 or visit the Web site at www.swissbankclaims.com. — Staff Report