VOL. XXXIX No. 62 2-December-1996KUWAIT

Kuwait Contemplates Reform Of Foreign Investment Laws The Kuwaiti Finance Minister and Deputy Prime Minister, Mr. Nasir al-Rudhan, told journalists at the opening of the Fourth Kuwait Money Show that he had submitted a tax reform package to the cabinet which would lower taxation rates on profits earned by foreigners investing in Kuwaiti companies from a maximum of 55% to 30%. Economists in Kuwait say that there are no further details available at the...