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ISRAEL Hayom: Various accounting measures, lowering of tax rate for gas Israel has recently slashed the gasoline tax it had been collecting from the Palestinian Authority by 50% as well as taken other measures to ease the financial situation in Ramallah, Israel Hayom has learned. The 1994 economic accords between Israel and the Palestinians stipulate a 3% rate but Israel has recently decided to collect only half the amount, at 1.5%, as shown in a recent document