Browse related articlesKuwait cuts taxes on foreign companies
Kuwait: Thursday, December 27 - 2007 at 11:52
Kuwait's Parliament yesterday passed a law cutting taxes on profit of foreign companies to 15 per cent, canceling a progressive scale with a maximum rate of 55 per cent, in a bid to attract investments and diversify the economy, reported AP. Finance Minister Mostafa al-Shemali told the assembly that Kuwait attracted less than $300m in foreign investment last year, compared to some $18bn for Saudi Arabia, thus boosting the need to implement this change.
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Amena Bakr, Senior ReporterThursday, December 27 - 2007 at 11:52 UAE local time (GMT+4)
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