VOL. XXXVI

NO. 40

5-JULY-1993

Financial and Banking News

ECONOMIC POLICY

Kuwait's Parliamentary Finance Committee To Consider Taxation

The Finance and Economic committee of Kuwait's National Assembly isconsidering taxing high income individuals and companies as a way of coveringthe country's budget deficit. The committee's Chairman, Mr. Isma'il Shatti, saidin an interview published on 1 July that taxation and user fees would not betargeted at those on low incomes. He added that the government could...