Israel Says to Transfer of Frozen Tax Funds to Palestinians

Israel said on Saturday it would transfer $470 million of withheld tax revenues to the Palestinian Authority following talks between a senior Israeli military officer and Palestinian officials. In December, Israel began withholding around $130 million per month of taxes it collects on behalf of the Palestinians after the Palestinian Authority announced it was joining the International Criminal Court. Israel had condemned the Palestinian move to join the ICC, saying it was a unilateral step that undermined prospects for a negotiated peace settlement. President Mahmoud Abbas informed a meeting of the Palestine Liberation Organisation of the coming transfers on Saturday, and said a joint Israeli-Palestinian committee would discuss outstanding sums.