Tag: Palestine: Nazi financial manipulation

NOVANEWS Follow the shekels: Israel’s financial manipulation of the Palestinian economy   By Eve Mykytyn Israel has a cash economy that is large for a developed nation – 22 per cent of its GDP is cash. The problem with so much cash, as the Israel Tax Authority explains, is that: “Due to the fact that cash is anonymous and it is not possible to identify its users, this makes it possible to easily carry out commercial and financial activity far from the eyes of the authorities.” In contrast, the US’s cash economy is 8.6 per cent and in the spirit of the “special” laws on “anti Semitism”, which require that Israel’s bad behaviour be compared to that of other countries, Greece is at 27.3 per cent. This shadow economy has cost Israel an estimated $70 billion in lost tax revenues. After two ye...