Israel transferred Palestinian taxes for German submarine sale - report

"Welt am Sonntag": Israel released the taxes after Germany made it a condition for the sale of the sixth Dolphin-class submarine to Israel.

German's "Welt am Sonntag" reports that Israel's decision to release taxes withheld from the Palestinian Authority after Germany was a condition for the completion of the sale of the sixth Dolphin-class submarine to Israel. The "Welt am Sonntag" says that aides of Chancellor Angela Merkel confidentially informed opposition leaders that Israel made a concession before the Bundestag approved the sale on Wednesday.

On the same day, Prime Minister Benjamin Netanyahu released $100 million in Palestinian Authority taxes that had been withheld after UNESCO accepted Palestine as a full member.

"Bloomberg" quotes German sources as saying that the submarine was sold at a third of the price of the first Dolphin submarine. The Bundestag approved a €135 million budget allocation for the submarine in 2012, out of the submarine's total cost of €180 million.

Media reports claim that the latest Dolphin can carry nuclear-tipped cruise missiles.

Published by Globes [online], Israel business news - - on December 4, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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