Ministers, officials urged to submit financial disclosures – Panel recommends FATCA approval
KUWAIT: The Cabinet has called on ministers and senior officials of state bodies to submit their financial disclosure reports to the Anti-Corruption Authority as soon as possible. The call was made by the Cabinet during its customary weekly meeting held at Bayan Palace yesterday under chairmanship of HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al- Sabah.
The Cabinet spoke highly of all steps and measures taken by the authority to fight corruption in the country, Minister of State for Cabinet Affairs Sheikh Mohammad Al-Abdullah Al-Mubarak Al-Sabah said in a press statement following the meeting. The Cabinet hailed the prime minister’s submission of the financial disclosure report to the authority yesterday as a model and clear-cut message for abidance by the law.
Separately, the National Assembly’s Foreign Affairs Committee yesterday recommended the approval of the Foreign Account Tax Compliance Act (FATCA) agreement between Kuwait and the US.
The committee also recommended joining the cooperative agreement for Arab states in Asia for research, development and training related to nuclear science and technology (ARASIA), the head of the committee Hamad Al-Harshani said in a statement following a committee session. They also advised the endorsement of the agreement between Kuwait and Egypt on double taxation avoidance and income tax evasion prevention. — KUNA
