Israel withholds Palestinian tax revenues

Palestine's conflict with Israel, mainly after the move to join the International Criminal Court, may heat up and lead to negative consequences, including the dissolving of the Palestinian National Authority, analysts say.

Israel on Saturday unofficially announced that in response to the Palestinian move of joining 20 international agencies and treaties, it will freeze the transfer of $128 million in tax revenue dues. Israel Radio also reported that Israel may impose other punishment on the PNA.

Palestinian President Mahmoud Abbas signed 20 international treaties and agencies after the State of Palestine failed last week to get the approval of the UN Security Council of a draft resolution that calls for ending the Israeli occupation and establishing a Palestinian state within two years.