The Palestinian Authority (PA) will no longer accept tax revenues collected on its behalf by Israel following its decision to trim the sum over the PA’s financial support of militants’ families, Palestinian President Mahmoud Abbas said. The cash-strapped Palestinian Authority, an interim self-government body set up following the 1993 Oslo peace accords, has suffered a series of financial blows in the past year. Under interim peace deals, Israel collects taxes in the Israeli-occupied West Bank and in the Gaza Strip and makes monthly payments to the PA, which says it receives around $222 million each month.
