Financial and Banking News

Budgets & Revenues

Kuwait Considers Taxation To Pay For Deployment Of Allied Forces

In order to cover the cost of the recent deployment of US and other troops inthe Gulf, the Kuwaiti Government is considering a proposal to tax Kuwaitis andnationals of other countries in Kuwait by up to 10%, according to a governmentsource quoted by the London daily Al-Hayat of 18 October. The Kuwaiti Council ofMinisters announced on 17 October the...